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    3883 Cross Anchor Rd Enoree, SC 29335

    Sponsored
    For Sale
    $5,768,400

    High-traffic, NNN-leased gas station & restaurants

    Property size:
    10,954 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple interest in a 10,954-square-foot, single-story truck stop located at 3883 Cross Anchor Rd, Enoree, SC 29335. The property, built in 2000, sits on a 10.24-acre lot and boasts 60 parking spaces, 18 gas pumps, and a prime location on Cross Anchor Road, benefiting from over 27,000 vehicles per day. The property features a Shell gas station, a Hot Spot convenience store, and a Hardee's restaurant, all operating under a single, absolute NNN lease with a strong franchisee tenant, R.L. Jordan Oil Company. The current lease, commencing March 22, 2013, has a remaining term of 8.4 years, with four, five-year options to extend. Rent increases of 8.5% every five years provide inflation protection. The property generates a substantial net operating income (NOI) of $360,525, resulting in a 6.25% cap rate. The asking price is $5,768,400, or $526.60 per square foot. This strategically positioned property offers significant long-term value and minimal landlord responsibilities, making it an ideal investment for those seeking a passive income stream with built-in growth potential. The property's exclusive location, with no competing gas stations in the immediate vicinity, further enhances its investment appeal. The tenant's consistent financial reporting provides transparency and insights into the property's performance. The property's status as a gas station also offers potential bonus depreciation benefits.

    Property Features for 3883 Cross Anchor Rd

    General Information

    Property type
    Restaurants
    Square Feet
    10,954 SF
    Class
    B
    Lot Size
    446,054 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 8.4+ years remaining on a 20‑year Absolute NNN lease.
    • Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.
    • 8.5% rent increases every five years throughout the base term and four renewal options.
    • Hardee's restaurant included as part of a multi‑tenant operation.
    • High visibility location on Cross Anchor Road (SC 146) with over 27,000 vehicles per day.
    • Potential for bonus depreciation benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hardee's Fast Food Restaurant Shell Gas Station HOT SPOT Convenience Store CAT Scale Truck Stop Coin Cloud Bitcoin ... Atm

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Food Market Grocery Store Garden Center Convenience Store Shopping Mall Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enoree
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.939233353633
    Latitude
    34.698205151434

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - High-traffic, NNN-leased gas station & restaurants
    Where is this restaurant located?
    The property is located at 3883 Cross Anchor Rd Enoree, SC.
    What is the asking price?
    The asking price for this property is $5,768,400.
    What are key features of this property?
    This property features: 8.4+ years remaining on a 20-year Absolute NNN lease.; Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.; 8.5% rent increases every five years throughout the base term and four renewal options.
    Request Owner's contact information
    3883 Cross Anchor Rd Enoree, SC 29335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3883 Cross Anchor Rd Enoree, SC 29335
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