410 Main St Clinton, SC 29325

Property Details for 410 Main St

Year built

2000

Lot size

1.64 lot acres

Property size

2,400 SF

Property type

Retail properties

Description

This 2,400 square-foot Marathon gas station, located at 410 W Main St in Clinton, SC, presents a compelling net-lease investment opportunity. Boasting a 7.00% cap rate and a 20-year absolute NNN lease (commencing December 21, 2022, and expiring December 20, 2042), this property offers significant long-term stability. The lease includes annual 3% rent bumps and four 5-year renewal options, ensuring consistent income growth. The property sits on a 1.64-acre lot and benefits from a corporate guarantee. Clinton, with a population of 7,675, is part of the Greenville-Mauldin-Easley Metropolitan Statistical Area, providing a strong market presence. Major employers in the area include ZF Transmissions, Laurens County School District, Walmart Distribution, Yanfeng, and Sterlite Corporation. The property's strategic location is further enhanced by its proximity to Presbyterian College (893 students) and Piedmont Technical College (1,733 students), as well as numerous apartment complexes and established businesses such as Taco Bell, McDonald's, Wells Fargo, Napa Auto Parts, and Domino's Pizza. The asking price is $644,114, representing a price per square foot of $268.38. The property's strong tenant, Marathon Petroleum Company, a publicly traded company with thousands of retail outlets, provides further assurance of long-term financial performance. The property's Net Operating Income (NOI) is $45,088. Built in 2000, this single-story building offers a solid investment with a high occupancy rate.

Location Insight

City

Clinton

County

Laurens

State

South Carolina

Longitude

-81.8884

Latitude

34.4729