Auto Service - Gas-Conv
Circle K Sale-Leaseback
201 Drayton Street, Pendleton, SC 29670
Listing Price: $7,456,150
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS
Situated at the entrance of Clemson Grove, a 300+ acre multi-use development project
Project partners include Clemson University, City of Pendleton, Anderson County & local school districts
Located ±6 miles from Clemson University
Annual economic impact of $1.9 B for the state
33,000+ students & faculty
Latest store prototype design
5,320 SF building with drive-thru endcap
Endcap is leased to Dunkin’ which will help drive more traffic to the site and lower the tenant’s occupancy costs
Gas Express will sign a Master Lease that will commence a close of escrow
Full Franchise store which provides advanced AI to enhance the customer experience and improve operational efficiencies
Large parcel size of ±1.51 acres
Flat topography with strong visibility
Multiple points of ingress and egress
Direct access to a signalized intersection
Large fueling station with 5 MPDs/10 hoses
OPTIMAL LEASE STRUCTURE
Rare 20-year base term
Four (4), 5-year renewal options
Inflation hedge with 1.5% rent escalations every year throughout entire lease
Triple Net (NNN) lease with NO landlord responsibilities
Tax advantages with accelerated & bonus depreciation due to fee simple ownership
See page 5 in OM for more details
GREENVILLE, SC MSA ADVANTAGES
The metro is expected to add almost 80,000 people through 2027, which will result in the formation of 36,000 households
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)
LARGE FRANCHISEE & DOMINANT BRAND
Largest Alimentation Couche-Tard franchisee in US
Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
26+ year operating history
HQ in Atlanta, GA
Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)
Investment Highlights
- ENTRANCE OF CLEMSON GROVE | ±6 MILES FROM CLEMSON UNIVERSITY
- EST Q4 2023 OPENING | 20-YR ABS. NNN
- BONUS DEPRECIATION | ANNUAL RENT BUMPS
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $7,456,150
Investment Highlights
- ENTRANCE OF CLEMSON GROVE | ±6 MILES FROM CLEMSON UNIVERSITY
- EST Q4 2023 OPENING | 20-YR ABS. NNN
- BONUS DEPRECIATION | ANNUAL RENT BUMPS
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Situated at the entrance of Clemson Grove, a 300+ acre multi-use development project Project partners include Clemson University, City of Pendleton, Anderson County & local school districts Located ±6 miles from Clemson University Annual economic impact of $1.9 B for the state 33,000+ students & faculty Latest store prototype design 5,320 SF building with drive-thru endcap Endcap is leased to Dunkin’ which will help drive more traffic to the site and lower the tenant’s occupancy costs Gas Express will sign a Master Lease that will commence a close of escrow Full Franchise store which provides advanced AI to enhance the customer experience and improve operational efficiencies Large parcel size of ±1.51 acres Flat topography with strong visibility Multiple points of ingress and egress Direct access to a signalized intersection Large fueling station with 5 MPDs/10 hoses OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 1.5% rent escalations every year throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership See page 5 in OM for more details GREENVILLE, SC MSA ADVANTAGES The metro is expected to add almost 80,000 people through 2027, which will result in the formation of 36,000 households 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) LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee in US Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history HQ in Atlanta, GA Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)
Exclusively Listed By
Broker of Record
Financing By

