519 Main N St New Ellenton, SC 29809-2521
- Car washes
- 792 SF
- 2.09 lot acres
Current Use by Public Records
- Exxon / Gas Station
- Rainbow Gas Garden / Gas Station / Atm
Property Details for 519 Main N St
- Year built
- 1992
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.09 lot acres
- Property size
- 792 SF
- Property type
- Car washes
- APN
- 142-05-02-002
- APU
- 1420502002
Description
This exceptional investment opportunity presents the fee simple ownership of two thriving, single-tenant convenience stores and gas stations operating under the Pops Mart Fuels brand in South Carolina. Located in New Ellenton (519 Main St N, 29809) and Barnwell (10354 Dunbarton Blvd, 29812), these properties boast a combined 4,960 square feet on 3.24 acres of land. The properties, built in 1992 and 2000 respectively, benefit from high visibility and strong traffic counts, serving as essential fuel and convenience hubs within their communities. Both locations are strategically positioned to capitalize on continued local population growth. The properties are offered as a portfolio with a combined Net Operating Income (NOI) of $669,902, representing a 6.50% cap rate on the $10,306,185 asking price. Each property features a long-term, absolute NNN lease with Pops Mart Fuels, a growing regional operator, extending through December 31, 2043, with a remaining term of approximately 19.1 years. The leases include annual rent escalations of 1.5%, providing built-in rental growth. Property #1 in New Ellenton comprises 2,160 square feet on 2.09 acres, while Property #2 in Barnwell offers 2,800 square feet on 1.15 acres. The lease structure includes options for renewal, with one 10-year option available. This portfolio offers a stable, passive income stream with significant upside potential, shielded from many macroeconomic fluctuations, and eligible for bonus depreciation. The properties are currently 100% occupied.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,020,000
- 6.5%
- $3,550,000
- 7%
- $3,670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,760,000
- Geo Method
- $3,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,245,000
- Retail
- $3,850,000
- Mixed-Use
- $4,280,000
- Hospitality
- $3,920,000
- Educational
- $3,980,000
- Residential Income
- $3,325,000
- Energy
- $4,080,000
- Income-Based Land
- $3,525,000
- Food Service
- $4,060,000
Location Insight
- Map
- Local Demand
- City
- New Ellenton
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.6865
- Latitude
- 33.4254
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
