9495 Augusta Rd, Pelzer, SC 29669-9508
- Grocery and convenience stores
- 1.24 lot acres
Current Use by Public Records
- 76 FOOD MART / Gas Station
- Food Mart / Grocery & Convenience Store
Property Details for 9495 Augusta Rd
- Lot size
- 1.24 lot acres
- Zone code
- C-3
- Property type
- Grocery and convenience stores
- APN
- 0604.02-01-017.07
- APU
- 604020101707
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 15, 2025 | $2,302,632 | Fvr Ro Sc LLC | Dg Pelzer Gas LLC | Special Warranty Deed | — |
| Sep 30, 2022 | $1,500,000 | Dg Pelzer Gas LLC | Smp LLC | Warranty Deed | $1.7M · Bcl Cre 3 LLC |
| Aug 23, 2018 | — | Smp LLC | — | Deed · related | $820k · First South Bank |
| Mar 27, 2008 | $1,500,000 | Smp LLC | Joe T Nicholson | Deed | $1.2M · Branch Banking And Trust Co |
Description
This exceptional investment opportunity presents a 5,500 square foot convenience store and gas station in Pelzer, South Carolina, operating under a 20-year absolute NNN lease with Roots Oil, commencing August 1, 2022, and expiring July 31, 2042. The property boasts a 7.50% cap rate and a strong net operating income (NOI) of $175,000. Situated on a 1.243-acre lot at 9495 Augusta Road, 29669, this strategically located property benefits from high visibility at a four-way signalized intersection of US Route 25 and State Highway 418, boasting a combined 23,300 AADT. The property underwent a complete renovation in 2022, including a new fuel canopy, four MPDs, and updated signage. The lease includes rent bumps and four five-year renewal options, showcasing the tenant's commitment and success. This property is ideal for passive investors seeking a low-management, high-yield investment. The location is supported by a population of 356,782 within a 15-mile radius, representing a 25% increase since 2010, and benefits from an average annual household income of $99,070 within the same radius, projected to increase by 13% in the next four years. The property's location serves as a gateway to Greenville, South Carolina, a major city with a population of 72,095 and home to numerous large employers and educational institutions. This offering qualifies for accelerated and bonus depreciation. The tenant, Roots Oil Company, operates over 57 locations across 11 states and is experiencing significant expansion.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,405,000
- ML approach
- $1,435,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pelzer
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.3908
- Latitude
- 34.6293
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
