3883 Cross Anchor Rd - Convenience Store FOR SALE


Enoree, SC 29335
$5,768,400 USD
714-875-2400
3883 Cross Anchor Rd, Enoree, SC for Sale
$5,768,400 USD
Convenience Store - FOR SALE
1/21
null | 6.25% Cap Rate

3883 Cross Anchor Rd
Enoree, SC 29335


HIGHLIGHTS

  • LONG TERM LEASE - The subject property has over 8 years remaining on the initial term of the 20-year Absolute NNN Lease.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment.
  • EXCELLENT VISIBILITY - The immediate area sees over 27,000 Vehicles Per Day from SC 146 (CROSS ANCHOR RD) TO SC 92 (HIGHWAY 92).
  • BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model.
  • EXPERIENCED OPERATOR - Operates 41 Hot Spot convenience stores, 13 Hottie’s Kitchens, 7 Subways, 12 Hunt Brothers Pizza, and 1 Hardee's.
  • STRONG FINANCIALS - The tenant consistently reports their financials, offering transparency and insights into performance.

OVERVIEW

Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a freestanding truck stop, featuring a Shell Gas Station, Hot Spot Convenience Store and Hardee's Restaurant located in Enoree, South Carolina. The original franchisee guaranteed lease has over 8 years remaining on its initial term. This absolute NNN lease includes 8.50% rental increases every 5 years during the base term and grants the Tenant Four successive 5-year options to extend the lease. The Property has excellent visibility and is conveniently situated on Cross Anchor Road off of I-26 where the immediate area sees over 27,000 Vehicles Per Day from SC 146 (CROSS ANCHOR RD) TO SC 92 (HIGHWAY 92). I-26 runs generally east–west from near Landrum, in Spartanburg County, to U.S. Route 17 (US 17), in Charleston, South Carolina. It is also the longest Interstate Highway in South Carolina. This location benefits from having national tenant Hardee's apart of the center. The property takes advantage of traffic generated by visitors driving to the nearby Dollar General store built in 2022, which is just minutes away. Hot Spot is operated by R.L. Jordan Oil Company. The goal of RL Jordan Oil Company, Hot Spot stores, and our restaurants is to provide our customers with excellent and convenient service, a clean, safe and pleasant environment and quality products at competitive prices for the purpose of building a profitable business. Furthermore, it is the Company’s intention to strive to provide satisfying and rewarding employment believing that satisfied employees will result in satisfied customers.

FOR SALE DETAILS

PRICE

$5,768,400 USD

PRICE/SF

$527 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Truck Stop - Shell, Hot Spot & Hardee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Service Station, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

10.24 AC

LAND SF

446,054 SF

ZONING

-

APN/PARCEL ID

4-50-00-009.03

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.