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Auto Service - Gas-Conv

Shell C-Store & Gas | 20 Year Absolute Net Sale Leaseback | Qualifies for Accelerated Depreciation

538 St Andrews Rd, Columbia, SC 29210

Listing Price: $1,944,460

Cap Rate
6.00%
Tenant Name
Shell
Years Remaining On Lease
20.2
Gross SF
3,233
Guarantor
Franchisee Guarantee
Rentable SF
3,233
Price/Gross SF
$601.44
Lease Type
Absolute Net
Rent Per Square Feet
$36.09

Investment Overview

Experienced owner/operator offering net lease opportunity for select stores of recently acquired South Carolina convenience store chain. Pops Mart Fuels, LLC consists of 24 gas/convenience stores headquartered and operating in the Metro Columbia, South Carolina market, primarily Shell branded. The owner/operators of Pops Mart have over 60 years of experience in the c-store industry acquiring and owning over 500 gas/convenience stores. This experience included such premium brands as BP, Amoco, Shell, Exxon, Chevron, Texaco, Citgo and Mobil. Pops Mart has not only retained the existing management team of the company but enhanced it with three 30 year experts in retail marketing and operations. With this operating platform Pops Mart plans to grow throughout the Southeast United States primarily via acquisitions. In the past six years the owner/operators acquired 121 gas/convenience stores over 7 separate acquisitions eventually selling them to a large, publicly traded convenience store operator.

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
  • Highly Experienced Operator will do Business as Pops Mart Fuels LLC. The Company is committed to grow the Chain into a Regional Company by Expanding the Brand throughout the Southeast U.S.
  • Densely Populated Area: Features more than 118k People Residing within a 5-Mile Radius. Columbia is the 10th fastest Growing City in the Nation.
  • Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 24k Vehicles.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Service - Gas-Conv

Shell C-Store & Gas | 20 Year Absolute Net Sale Leaseback | Qualifies for Accelerated Depreciation

Listing Price: $1,944,460

Cap Rate
6.00%
Tenant Name
Shell
Years Remaining On Lease
20.2
Gross SF
3,233
Guarantor
Franchisee Guarantee
Rentable SF
3,233
Price/Gross SF
$601.44
Lease Type
Absolute Net
Rent Per Square Feet
$36.09

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
  • Highly Experienced Operator will do Business as Pops Mart Fuels LLC. The Company is committed to grow the Chain into a Regional Company by Expanding the Brand throughout the Southeast U.S.
  • Densely Populated Area: Features more than 118k People Residing within a 5-Mile Radius. Columbia is the 10th fastest Growing City in the Nation.
  • Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 24k Vehicles.

Investment Overview

Experienced owner/operator offering net lease opportunity for select stores of recently acquired South Carolina convenience store chain. Pops Mart Fuels, LLC consists of 24 gas/convenience stores headquartered and operating in the Metro Columbia, South Carolina market, primarily Shell branded. The owner/operators of Pops Mart have over 60 years of experience in the c-store industry acquiring and owning over 500 gas/convenience stores. This experience included such premium brands as BP, Amoco, Shell, Exxon, Chevron, Texaco, Citgo and Mobil. Pops Mart has not only retained the existing management team of the company but enhanced it with three 30 year experts in retail marketing and operations. With this operating platform Pops Mart plans to grow throughout the Southeast United States primarily via acquisitions. In the past six years the owner/operators acquired 121 gas/convenience stores over 7 separate acquisitions eventually selling them to a large, publicly traded convenience store operator.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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