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Auto Service - Gas-Conv

Hot Spot Fuel and C-Store

675 Gossett Rd, Spartanburg, SC 29307

Listing Price: $2,417,000

Cap Rate
7.50%
Tenant Name
Jordan Oil Company
Years Remaining On Lease
9.0
Gross SF
5,128
Guarantor
Corporate Guarantee
Rentable SF
5,128
Price/Gross SF
$471.33
Lease Type
Absolute Net
Rent Per Square Feet
$35.35

Investment Overview

Marcus & Millichap is pleased to present for sale a Hot Spot Fuel and C-Store located in Spartanburg, South Carolina.

Investment Highlights

  • Absolute NNN Retail | C-Store Investment Opportunity
  • 9+ Years Remaining on Initial 20-Yr Lease | Four 5-Yr Options
  • 8.50% Rental Increase in Primary Term on April 1, 2028
  • Shell Fuel | Gasoline and Diesel | 10 Gas Pumps and Truck Stop Fueling Area
  • Corner Location | Multiple Access Points | Large 7.12 Acre Parcel | Room For Expansion
  • High Traffic Location: Directly off Interstate-85 (72,500+ VPD) | Gossett Road (16,200+ VPD)
  • 5-Miles from Spartanburg Medical Center and Spartanburg High School | High Growth Area
  • Large Convenience Store Footprint | 5,128/SF Inside Sales Area | Beer Cave and Full Kitchen

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Hot Spot Fuel and C-Store

Listing Price: $2,417,000

Cap Rate
7.50%
Tenant Name
Jordan Oil Company
Years Remaining On Lease
9.0
Gross SF
5,128
Guarantor
Corporate Guarantee
Rentable SF
5,128
Price/Gross SF
$471.33
Lease Type
Absolute Net
Rent Per Square Feet
$35.35

Investment Highlights

  • Absolute NNN Retail | C-Store Investment Opportunity
  • 9+ Years Remaining on Initial 20-Yr Lease | Four 5-Yr Options
  • 8.50% Rental Increase in Primary Term on April 1, 2028
  • Shell Fuel | Gasoline and Diesel | 10 Gas Pumps and Truck Stop Fueling Area
  • Corner Location | Multiple Access Points | Large 7.12 Acre Parcel | Room For Expansion
  • High Traffic Location: Directly off Interstate-85 (72,500+ VPD) | Gossett Road (16,200+ VPD)
  • 5-Miles from Spartanburg Medical Center and Spartanburg High School | High Growth Area
  • Large Convenience Store Footprint | 5,128/SF Inside Sales Area | Beer Cave and Full Kitchen

Investment Overview

Marcus & Millichap is pleased to present for sale a Hot Spot Fuel and C-Store located in Spartanburg, South Carolina.

Exclusively Listed By

Financing By

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