5220 Us-321 Gaston, SC 29053
- Retail properties
- 7,000 SF
- 0.85 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5220 Us-321
- Year built
- 2005
- Lot size
- 0.85 lot acres
- Property size
- 7,000 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,000-square-foot Advance Auto Parts store located at 5220 US-321 in Gaston, South Carolina, 29053. The property sits on a 0.85-acre lot and includes 42 parking spaces. Built in 2005, this single-story building boasts 100% occupancy under a triple-net (NNN) lease with Advance Auto Parts, a national retailer with over 4,700 locations. The current lease has 9.8 years remaining, with rent bumps included and 3-5 year lease options. The asking price is $1,065,000, representing a price per square foot of $152.14 and a 6.57% cap rate based on a net operating income (NOI) of $70,000. This property benefits from its strategic location on US-321, providing convenient access to I-26 and proximity to major retailers and a thriving community. The tenant's strong financial performance and long-term commitment make this a compelling investment opportunity in a growing market. The property offers a hands-off investment experience due to the NNN lease structure. This location is conveniently situated near other major retailers such as Food Lion, Diamond Manufacturing Plant, Family Dollar, Wendy's, KFC, and 7-Eleven. The property's location in Gaston, South Carolina, offers easy access to downtown Columbia, which is only 13 miles away.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gaston
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.092
- Latitude
- 33.8353
