1710 Wellman Rd Marion, SC 29571
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 1710 Wellman Rd
- Year built
- 2024
- Lot size
- 2.92 lot acres
- Property size
- 5,967 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This ±5,967 square foot distribution warehouse in Marion, South Carolina, is a new 2024 construction serving as a Frito-Lay Product Exchange Center. The property sits on approximately 2.92 acres and features five dock-high doors, ample yard space, and a highly functional layout ideal for distribution. A 10-year net lease with PepsiCo Global Real Estate, Inc., a subsidiary of PepsiCo, Inc. (A+ credit rating), is in place, providing a secure, long-term investment. The lease includes 2% annual rent increases, offering inflation protection. This strategic location within the Florence submarket along the I-95 corridor provides easy access to major Southeast markets, including Myrtle Beach, Columbia, Charlotte, and Charleston. Marion, SC, and South Carolina benefit from strong market fundamentals, a pro-business environment, and ongoing economic growth, further enhancing the property's value and appeal. The building-to-land ratio is approximately 4.69%. The asking price is $3,670,677, representing a 6.63% cap rate. The lease includes two 3-to-5-year renewal options. This presents a compelling opportunity for investors seeking a stable, high-yield investment with a blue-chip tenant.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- South Carolina
- Longitude
- -79.344
- Latitude
- 34.1918
