3883 Cross Anchor Rd, Enoree, SC 29335-2200
- Gas stations
- 10,954 SF
- 10.24 lot acres
Current Use by Public Records
- Hardee's / Restaurant / Take-out & Catering
- Shell / Gas Station
- HOT SPOT / Grocery & Convenience Store
- CAT Scale / Parking Lot & Garage / Gas Station
- Coin Cloud Bitcoin ATM / Crypto Atm / Currency Exchange Service
Property Details for 3883 Cross Anchor Rd
- Year built
- 2000
- Construction
- CONCRETE BLOCKS
- Lot size
- 10.24 lot acres
- Property type
- Gas stations
- APN
- 4-5000-00903
- APU
- 4500000903
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 12, 2025 | — | Bilkays Express Co | — | Deed · related | $1M · Avatar Enoree Sc Commercial LLC |
| Aug 5, 2014 | $4,138,514 | Bilkays Express Co | Spirit Jo Smf Spe LLC | Grant Deed | — |
| Feb 7, 2014 | — | Spirit Jo Smf Spe LLC | Spirit Spe Portfolio 2012-5 Ll | Quit Claim Deed | $20.8M · Spirit Realty LP |
| Jun 25, 2013 | $3,713,592 | Spirit Spe Portfolio 2012-5 | Spirit Master Funding IV LLC | Grant Deed | $25M · Alliance Bank Of Arizona |
| Apr 2, 2013 | $3,713,592 | Spirit Master Funding IV LLC | Rljoc Holdings Co LLC | Grant Deed | — |
| Jul 1, 2011 | — | Rljoc Holdings Co LLC | R L Jordan Oil Co Of Nc INC | Grant Deed | — |
| — | — | R L Jordan Oil Co Of Nc INC | — | Deed Of Trust · related | $5M · Carolina First Bank |
Description
This exceptional investment opportunity presents a fee-simple interest in a 10,954-square-foot, single-story truck stop located at 3883 Cross Anchor Rd, Enoree, SC 29335. The property, built in 2000, sits on a 10.24-acre lot and boasts 60 parking spaces, 18 gas pumps, and a prime location on Cross Anchor Road, benefiting from over 27,000 vehicles per day. The property features a Shell gas station, a Hot Spot convenience store, and a Hardee's restaurant, all operating under a single, absolute NNN lease with a strong franchisee tenant, R.L. Jordan Oil Company. The current lease, commencing March 22, 2013, has a remaining term of 8.4 years, with four, five-year options to extend. Rent increases of 8.5% every five years provide inflation protection. The property generates a substantial net operating income (NOI) of $360,525, resulting in a 6.25% cap rate. The asking price is $5,768,400, or $526.60 per square foot. This strategically positioned property offers significant long-term value and minimal landlord responsibilities, making it an ideal investment for those seeking a passive income stream with built-in growth potential. The property's exclusive location, with no competing gas stations in the immediate vicinity, further enhances its investment appeal. The tenant's consistent financial reporting provides transparency and insights into the property's performance. The property's status as a gas station also offers potential bonus depreciation benefits.
Value Estimations
-
Alternative Use
- Use
- Estimation
- SERVICE STATION (FULL SERVICE)
- $1,005,000 Current use
- OFFICE BUILDING
- $1,045,000 Change: +4% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,025,000 Change: +2% Conversion: Difficult
- RESTAURANT
- $975,000 Change: -3% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $925,000 Change: -8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $830,000 Change: -17% Conversion: Difficult
- RETAIL STORES
- $815,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Enoree
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.9385
- Latitude
- 34.6993
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
