1685 Pearman Dairy Rd Anderson, SC 29625-2009

Property Details for 1685 Pearman Dairy Rd

Lot size

3.58 lot acres

Property type

Commercial land

APN

094-00-07-006

APU

940007006

Description

This exceptional investment opportunity presents a brand-new, 2024-built Circle K gas station in Anderson, South Carolina. Boasting a prime location at a four-way signalized intersection on Pearman Dairy Road (approx. 22,500 VPD) and Old Pearman Dairy Road (approx. 8,100 VPD), this property offers excellent visibility and accessibility. The 3,800 square foot facility sits on a substantial 3.58-acre lot, featuring 5 MPDs/10 hoses and a separate diesel canopy with 3 MPDs. The property benefits from multiple points of ingress and egress, and its proximity to Clemson University (approximately 10 miles) and a newly constructed apartment complex ensures consistent high traffic. The strong tenant, a major Circle K franchisee with a 30+ year operating history and over 200 units across six states, is under a rare 20-year absolute triple-net (NNN) lease with four 5-year renewal options and annual 1.5% rent escalations, providing an excellent inflation hedge. The current NOI is $404,054, resulting in a 6.30% cap rate on the $6,413,555 asking price. This represents a compelling investment opportunity in a rapidly growing market, with the Greenville, SC MSA projected to add nearly 80,000 people by 2027. The property's 100% occupancy and strong lease terms make it an attractive addition to any portfolio. Tax advantages are available through accelerated and bonus depreciation due to fee simple ownership.