5220 Highway 321 - Freestanding FOR SALE


Gaston, SC 29053
$1,050,000 USD
864-235-6855
5220 Highway 321, Gaston, SC for Sale
$1,050,000 USD
Freestanding - FOR SALE
1/6
null | 6.67% Cap Rate

5220 Highway 321
Gaston, SC 29053


OVERVIEW

Triple Net Lease: Limited landlord responsibilities offer a hands off and hassle free investment opportunity. Recent Renewal and Extension: Tenant recently renewed for 10 years showing their commitment to the site and the community. Low Rent & Attractive Price Point: The tenant is paying a very low rent of $10.29 PSF NNN resulting in a very attractive price point of only $1,050,000. Strong Corporate Lease: Advance Auto Parts has over 4,700 locations and employs 65,000 people nationwide, with 2023 annual sales of $11.3 Billion. Vibrant Community: Nestled in the heart of Gaston, the property ensures convenient access to community amenities via Hwy 321, which connects to I-26, and is only 13-miles to downtown Columbia. Major Retailers: Centrally located to major retails and traffic drivers such as Food Lion, Diamond Manufacturing Plant, Family Dollar, Wendy’s, KFC, 7-Eleven, and more. Thriving and Growing Market: Capitalize on Columbia’s booming market, as it not only stands as the State Capital and second-largest MSA in South Carolina but was recently acclaimed as the #1 Place to Live in the state. Top Visited Location: This store ranks in the 78th percentile nationally and the 75th percentile in South Carolina for Advance Auto Parts location visits, based on data from Placer.ai.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C

APN/PARCEL ID

010100-02-264

ASK ABOUT THIS PROPERTY

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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