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7-Eleven 1371 Sumter hwy

4,650 SF 100% Leased Retail Building Bishopville, SC 29010 $8,047,619 ($1,731/SF) 5.25% Cap Rate

Investment Highlights

  • NNN Lease w. Bonus Depreciation Potential with Building Ownership
  • Oversized Parcel
  • Proven Demand off I-20

Executive Summary

NNN Lease w. Bonus Depreciation Potential with Building Ownership
- 18 Year Lease with 10% bumps every 6 years and in extension periods
- NNN lease providing zero landlord responsibilities
- Passive investment
Centrally Located Between High Growth SC MSAs
- Located in the middle of three high growth MSAs
- Columbia, SC the states capital has a steady annual growth rate of 1.5%
- Florence, SC grew 13% from 2010-2020
- Sumter, SC has sustained a 75% population growth since 1960
Corporate Backed Investment Grade Tenant
- 7-Eleven’s parent company, SevenEleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY)
- There are over 83,000 locations across the world
Oversized Parcel
- Large parcel with almost eight acres
- Opportunity for larger redevelopment
- Overflow parking ability for the truck stop
New Construction Diesel Station
- Newly constructed building with warranties in place for the roof and mechanical systems
- 7-11 Diesel station format adding to their network of 7FLEET stations
Proven Demand off I-20
- Across the Street from a top performing Pilot Travel Center (top 92th percentile - 877K visits annually -Placer.ai)
- Located directly off of I-20 over 30k VPD
- Provides a diesel stop along the main logistics corridor in South Carolina

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,650 SF
Year Built
2024
Price
$8,047,619
Price Per SF
$1,731
Cap Rate
5.25%
NOI
$422,500
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
  • Listing ID: 33786065

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 1371 Sumter hwy, Bishopville, SC 29010

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