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Auto Service - Gas-Conv

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

13095 W Main St, Williston, SC 29853

Listing Price: $1,263,214

Cap Rate
7.00%
Tenant Name
BP
Years Remaining On Lease
20.1
Gross SF
2,359
Guarantor
Franchisee Guarantee
Rentable SF
2,359
Price/Gross SF
$535.49
Lease Type
Absolute Net
Rent Per Square Feet
$37.48

Investment Overview

Hampton is located in north-central Hampton County. It is bordered to the southeast by the town of Varnville. U.S. Route 278 passes through the center of Hampton as Elm Street; the highway leads northwest 10 miles to Fairfax and southeast through Varnville 30 miles to Ridgeland. U.S. Route 601 enters Hampton from the south as First Street and leaves to the north on Hoover Street. 601 leads north 32 miles to Bamberg and south 23 miles to its terminus at US 321 near Tarboro.

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

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

Listing Price: $1,263,214

Cap Rate
7.00%
Tenant Name
BP
Years Remaining On Lease
20.1
Gross SF
2,359
Guarantor
Franchisee Guarantee
Rentable SF
2,359
Price/Gross SF
$535.49
Lease Type
Absolute Net
Rent Per Square Feet
$37.48

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

Hampton is located in north-central Hampton County. It is bordered to the southeast by the town of Varnville. U.S. Route 278 passes through the center of Hampton as Elm Street; the highway leads northwest 10 miles to Fairfax and southeast through Varnville 30 miles to Ridgeland. U.S. Route 601 enters Hampton from the south as First Street and leaves to the north on Hoover Street. 601 leads north 32 miles to Bamberg and south 23 miles to its terminus at US 321 near Tarboro.

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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