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Roots Oil

9495 Augusta Rd, Pelzer, SC 29669

Listing Price: $1,905,000

Cap Rate
6.50%
Tenant Name
Roots Oil
Years Remaining On Lease
19.2
Gross SF
5,500
Guarantor
Personal Guarantee
Rentable SF
5,500
Price/Gross SF
$346.36
Lease Type
Absolute Net
Rent Per Square Feet
$22.50

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Strategically located at a hard corner of 4-way signalized intersection Multiple points of ingress and egress Flat topography with strong visibility Ample parcel size of ±1.24 acres Fueling station with 4 MPDs/8 hoses Lack of immediate competition New fuel canopy, MPDs and display sign OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 7.5% rent escalations every 5 years throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership ROOTS OIL COMPANY Full-service, multi-line wholesale distributor of petroleum and related products Currently operate in 11 states (17 states by Summer 2023) GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID Current petroleum brands: 76, Valero, TA Express, Sinclair GREENVILLE, SC MSA ADVANTAGES Anchor city of the Update, a combined statistical are with a population of ±1.5 MM people Major industries include technology and financial services Largest employers: Prisma Health (health services) Michelin North America (HQ, R&D, manufacturing) Bon Secours St. Francis Health System (health services) Duke Energy Corp. (utility provider)

Investment Highlights

  • 19+YR ABS. NNN LEASE
  • BONUS DEPRECIATION ELIGIBLE | 7.5% RENT BUMPS
  • RECENT TENANT IMPROVEMENTS

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Auto Service - Gas-Conv

Roots Oil

Listing Price: $1,905,000

Cap Rate
6.50%
Tenant Name
Roots Oil
Years Remaining On Lease
19.2
Gross SF
5,500
Guarantor
Personal Guarantee
Rentable SF
5,500
Price/Gross SF
$346.36
Lease Type
Absolute Net
Rent Per Square Feet
$22.50

Investment Highlights

  • 19+YR ABS. NNN LEASE
  • BONUS DEPRECIATION ELIGIBLE | 7.5% RENT BUMPS
  • RECENT TENANT IMPROVEMENTS

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Strategically located at a hard corner of 4-way signalized intersection Multiple points of ingress and egress Flat topography with strong visibility Ample parcel size of ±1.24 acres Fueling station with 4 MPDs/8 hoses Lack of immediate competition New fuel canopy, MPDs and display sign OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 7.5% rent escalations every 5 years throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership ROOTS OIL COMPANY Full-service, multi-line wholesale distributor of petroleum and related products Currently operate in 11 states (17 states by Summer 2023) GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID Current petroleum brands: 76, Valero, TA Express, Sinclair GREENVILLE, SC MSA ADVANTAGES Anchor city of the Update, a combined statistical are with a population of ±1.5 MM people Major industries include technology and financial services Largest employers: Prisma Health (health services) Michelin North America (HQ, R&D, manufacturing) Bon Secours St. Francis Health System (health services) Duke Energy Corp. (utility provider)

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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