4102 Clemson Blvd Anderson, SC 29621-1108
- Car washes
- 1,799 SF
- 1.12 lot acres
Current Use by Public Records
- Zips Car Wash / Car Wash
- Snappy Express Wash / Car Wash
Property Details for 4102 Clemson Blvd
- Year built
- 2008
- Lot size
- 1.12 lot acres
- Property size
- 1,799 SF
- Property type
- Car washes
- APN
- 093-09-01-020
- APU
- 930901020
Description
This exceptional investment opportunity presents a fee-simple, 4,032 square foot ZIPS Car Wash located at 4103 Clemson Blvd, Anderson, SC 29621. Built in 2008 on a 1.12-acre lot, the property boasts a strong 100% occupancy rate under a corporate-guaranteed Absolute NNN lease with 15.8 years remaining. The lease features attractive 1.5% annual rent escalations and six, five-year renewal options, ensuring consistent income growth. The property generates a substantial NOI of $300,000, resulting in a compelling 7.50% cap rate. The asking price is $4,000,000, translating to $992.06 per square foot. Situated approximately 20 minutes from Clemson University, this car wash benefits from a robust retail corridor, high traffic volume (combined +/- 61,000 vehicles per day), and proximity to a major highway bypass on-ramp. The surrounding area exhibits strong demographics, including a 1.05% annual population growth since 2020. This property is eligible for accelerated depreciation and 60% bonus depreciation in 2024 (consult a tax professional for details). This is a rare opportunity to acquire a high-performing, long-term leased car wash in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $218,000
Market price range: $55.8k - $218k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6899
- Latitude
- 34.5598
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
