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Auto Service - Gas-Conv

Exxon C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases

418 Piney Grove Rd, Columbia, SC 29210

Listing Price: $1,193,205

Cap Rate
6.75%
Tenant Name
Exxon
Years Remaining On Lease
20.3
Gross SF
2,800
Guarantor
Franchisee Guarantee
Rentable SF
2,800
Price/Gross SF
$426.14
Lease Type
Absolute Net
Rent Per Square Feet
$28.76

Investment Overview

Columbia, South Carolina, the state's capital and largest city, epitomizes a blend of history, culture, and modernity. Nestled in the Midlands region, Columbia is characterized by its stately antebellum architecture and historic sites, such as the South Carolina State House and the Robert Mills House. The city is anchored by the picturesque Congaree River, offering recreational opportunities along its scenic riverbanks. Home to the University of South Carolina, Columbia has a lively college-town atmosphere with diverse dining options, eclectic boutiques, and a thriving arts scene. The Five Points district is known for its vibrant nightlife, while the Columbia Museum of Art and the Riverbanks Zoo and Garden add to the city's cultural appeal. With a warm Southern charm and a strategic location, Columbia serves as a hub for business, education, and a gateway to the Palmetto State's varied landscapes.

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
  • Highly Experienced Operator w/ 42 units 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 US.
  • Substantially Below Replacement Cost. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
  • 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
  • Prime Location in Growing Southeast Metro Market. Situated in Hard Corner Location - Feature Easy Access and Excellent Visibility along Major Thoroughfare.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Service - Gas-Conv

Exxon C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases

Listing Price: $1,193,205

Cap Rate
6.75%
Tenant Name
Exxon
Years Remaining On Lease
20.3
Gross SF
2,800
Guarantor
Franchisee Guarantee
Rentable SF
2,800
Price/Gross SF
$426.14
Lease Type
Absolute Net
Rent Per Square Feet
$28.76

Investment Highlights

  • 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
  • Highly Experienced Operator w/ 42 units 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 US.
  • Substantially Below Replacement Cost. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
  • 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
  • Prime Location in Growing Southeast Metro Market. Situated in Hard Corner Location - Feature Easy Access and Excellent Visibility along Major Thoroughfare.

Investment Overview

Columbia, South Carolina, the state's capital and largest city, epitomizes a blend of history, culture, and modernity. Nestled in the Midlands region, Columbia is characterized by its stately antebellum architecture and historic sites, such as the South Carolina State House and the Robert Mills House. The city is anchored by the picturesque Congaree River, offering recreational opportunities along its scenic riverbanks. Home to the University of South Carolina, Columbia has a lively college-town atmosphere with diverse dining options, eclectic boutiques, and a thriving arts scene. The Five Points district is known for its vibrant nightlife, while the Columbia Museum of Art and the Riverbanks Zoo and Garden add to the city's cultural appeal. With a warm Southern charm and a strategic location, Columbia serves as a hub for business, education, and a gateway to the Palmetto State's varied landscapes.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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