346 Bells Hwy Walterboro, SC 29488

Property Details for 346 Bells Hwy

Property size

1,894 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a 1,894 square foot 76-branded gas station and convenience store located at 346 Bells Highway in Walterboro, South Carolina. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $107,100. The absolute triple-net (NNN) lease, backed by a corporate guarantee, ensures minimal landlord responsibilities and a secure investment. With approximately 18.1 years remaining on the lease term (expiring December 31, 2042), this offering provides long-term stability and predictable cash flow. The lease includes annual rent bumps of 2%, further enhancing the investment's return. The property, recently renovated with a new canopy and pumps, sits on a 0.5-acre corner lot offering excellent visibility and accessibility, particularly for truckers and travelers. Its prime location off Interstate 95 in Walterboro, strategically positioned between Charleston, Augusta, Columbia, and Savannah, ensures high traffic volume and strong consumer demand. The property's proximity to numerous national retailers, including Walmart, Starbucks, Dunkin', McDonald's, and others, further strengthens its market position. The asking price is $1,428,000, translating to a price per square foot of $753.96. The lease commenced on December 14, 2022, and includes four five-year renewal options. This is a turnkey investment with significant upside potential.