Technical
Financial
Distress signals
Property profile

1321 Wilson Rd Newberry, SC 29108

FOR SALE
Grocery and convenience stores
Property ID
US77-0853153
3,224 SF 2 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,604 square foot Marathon gas station and convenience store located at 1321 Wilson Rd, Newberry, SC 29108. The property boasts a highly desirable absolute NNN lease with a corporate guarantee from Marathon Petroleum Company, a publicly traded company with a vast network of retail outlets. The lease commenced December 17, 2022, and has a remaining term of approximately 18.1 years, with annual 3% rent bumps and four 5-year renewal options. The property sits on a 0.66-acre lot at a key intersection (Highway 76 and 34), benefiting from high visibility and traffic flow. The strong tenant and long-term lease provide exceptional stability and predictable cash flow, with a current NOI of $56,831 and a 7.00% cap rate. The property's location is further enhanced by its proximity to major employers such as Kraft Heinz Foods, Newberry County School District, Newberry County Memorial Hospital, and Georgia Pacific, as well as numerous apartment complexes and educational institutions including Piedmont Technical College and Newberry College. Nearby national retailers include McDonald's, Starbucks, Dunkin' Donuts, Hardee's, CVS, Popeye's, and Pizza Hut, indicating a thriving local economy. The asking price is $811,871, representing a price per square foot of $311.78. This is a fee-simple ownership opportunity with significant long-term potential.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Construction WOOD
Total area 3,224 SF
Lot 2 ac (87,120 SF)
APN 342-2-7-23
UPID US77-0853153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Atm
  • Gas Station
  • Crypto Atm Atm
  • Gas Station

Location

1321 Wilson Rd Newberry, SC 29108
Newberry metro Census 950204 NEWBERRY, SC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2017
4 recorded transactions
2017
$275,000
2016
$41,000
2006
$150,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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