Gas Station with NNN
1487 Main St, Bonneau, SC 29431
For Sale
Contact for pricing
A triple-net agreement includes scheduled annual rent increases.
Property Size3,644 SF
Lot Size0.77 Acres
Price / SF$174.35
Days on Market39
Property Features for 1487 Main St
General Information
Standard status
Size
Lot size
Property subtype
Automotive
Automotive Uses
Convenience Store
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
The gas station property at 1487 Main St in Bonneau, South Carolina, includes 3,644 rentable square feet on an estimated 0.7697874176-acre parcel. The site is leased under a triple-net agreement that began 3/27/2008 and has a stated term of 23.02 years. Scheduled rent increases are 2.00% annually.
Key Highlights
- 3,644 rentable square feet of building area
- Estimated 0.7697874176‑acre parcel
- 23.02‑year triple‑net lease commenced 3/27/2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,375
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,500
$1.1M
Cap Rate 7%
$762,500
$762.5K
Cap Rate 9%
$593,056
$593.1K
Market Conditions
NOI Build-Up for 3,644 SF
Gross rent
$76.5K $21.00/SF
− Vacancy
−$5.4K −$1.47/SF
EGI
$71.2K $19.53/SF
− OpEx
−$17.8K −$4.88/SF
NOI
$53.4K $14.65/SF
Area
Berkeley County, SC
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,500
Cap Rate 7%
$762,500
Cap Rate 9%
$593,056
Alternative Uses
Best Use
Specialty Retail
$762.5K
$667.2K – $889.6K
NOI $53,375 @ 7.0% cap · market cap 8.40%
Second Best
Retail
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$986.1K
$862.9K – $1.15M
NOI $69,029 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
4,993 visits/mo
0.2 miles
Exxon
Shops & Services
2,444 visits/mo
0.1 miles
Demographics for 29431, SC
6,040
Population
2,858
Households
2.1
Avg Household Size
46
Median Age
12%
College-Educated
83%
High-School Grad
84.7 sq mi
ZIP Area
71
Density / Sq Mi
$59,880
Median Household Income
$39,600
Median Earnings
$1,075
Median Rent
$214,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - A triple-net agreement includes scheduled annual rent increases.
Where is this gas station located?
The property is located at 1487 Main St Bonneau, SC.
What is the asking price?
The asking price for this property is $635,323.
What are key features of this property?
This property features: 3,644 rentable square feet of building area; Estimated 0.7697874176‑acre parcel; 23.02‑year triple‑net lease commenced 3/27/2008
