Net Lease Investment | 801 US-321 Bypass Byp
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Net Lease Investment 801 US-321 Bypass Byp
3,269 SF Retail Building Winnsboro, SC 29180 $1,695,000 ($519/SF) 6.50% Cap Rate
Investment Highlights
- The Tenant is a leading payments technology company with 27,000+ team members in over 100 countries
- Subject property is a testing center for new technology in which the company invested more than $300K in improvements
- Building sits at a signalized intersection across from Fairfield Co Career & Tech Center, Fairfield Central High, Fairfield Middle (2300+ students)
- Headquartered in Atlanta GA, the company has approx. $10B in assets and a net worth of approx. $27B (as of 7/31/24)
- Corporate net lease has over 5 years of term remaining with two 5-year renewal options and 2% annual rent increases throughout
- Positioned on a major 4-lane US highway (321) and the primary commercial corridor in the county
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of the Owner and present to the marketplace this net lease investment opportunity occupied by a Fortune 500 Tenant in Winnsboro, South Carolina (or the “Property”). The Tenant is a leading payments technology company.
The Property was developed in 2006 as a bank building and the Tenant has invested over $300K in improvements in 2024. The Midway Plaza outparcel sits at a signalized intersection adjacent to a new Bojangles and across from Fairfield Central High School, Fairfield Middle School, and the Fairfield Career & Technology Center.
The Property is on a 6-year net lease with a parent company guaranty that commenced in January 2024. There are two 5-year renewal options with 2% annual rent increases throughout the term.
The Property is located along 4-lane US-321, the market’s primary north-south commercial corridor, less than 10 minutes off I-77 and is about a 35-minute commute to Downtown Columbia, the state capital.
The Property was developed in 2006 as a bank building and the Tenant has invested over $300K in improvements in 2024. The Midway Plaza outparcel sits at a signalized intersection adjacent to a new Bojangles and across from Fairfield Central High School, Fairfield Middle School, and the Fairfield Career & Technology Center.
The Property is on a 6-year net lease with a parent company guaranty that commenced in January 2024. There are two 5-year renewal options with 2% annual rent increases throughout the term.
The Property is located along 4-lane US-321, the market’s primary north-south commercial corridor, less than 10 minutes off I-77 and is about a 35-minute commute to Downtown Columbia, the state capital.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$110,160
|
$33.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $110,160 |
| Annual Per SF | $33.70 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,269 SF
Building Class
C
Year Built/Renovated
2006/2024
Price
$1,695,000
Price Per SF
$519
Cap Rate
6.50%
NOI
$110,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Parking
43 Spaces (9.79 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1450101005000 | Improvements Assessment | $20,634 (2023) |
| Land Assessment | $12,000 (2023) | Total Assessment | $32,634 (2023) |
PROPERTY TAXES
Parcel Number
1450101005000
Land Assessment
$12,000 (2023)
Improvements Assessment
$20,634 (2023)
Total Assessment
$32,634 (2023)
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Net Lease Investment | 801 US-321 Bypass Byp
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