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Advance Auto Parts 5220 Highway 321 7,000 SF Retail Building Gaston, SC 29053 $1,050,000 ($150/SF) 6.67% Cap Rate
EXECUTIVE SUMMARY
Triple Net Lease: Limited landlord responsibilities offer a hands off and hassle free investment opportunity.
Recent Renewal and Extension: Tenant recently renewed for 10 years showing their commitment to the site and the community.
Low Rent & Attractive Price Point: The tenant is paying a very low rent of $10.29 PSF NNN resulting in a very attractive price point of only $1,050,000.
Strong Corporate Lease: Advance Auto Parts has over 4,700 locations and employs 65,000 people nationwide, with 2023 annual sales of $11.3 Billion.
Vibrant Community: Nestled in the heart of Gaston, the property ensures convenient access to community amenities via Hwy 321, which connects to I-26, and is only 13-miles to downtown Columbia.
Major Retailers: Centrally located to major retails and traffic drivers such as Food Lion, Diamond Manufacturing Plant, Family Dollar, Wendy’s, KFC, 7-Eleven, and more.
Thriving and Growing Market: Capitalize on Columbia’s booming market, as it not only stands as the State Capital and second-largest MSA in South Carolina but was recently acclaimed as the #1 Place to Live in the state.
Top Visited Location: This store ranks in the 78th percentile nationally and the 75th percentile in South Carolina for Advance Auto Parts location visits, based on data from Placer.ai.
Recent Renewal and Extension: Tenant recently renewed for 10 years showing their commitment to the site and the community.
Low Rent & Attractive Price Point: The tenant is paying a very low rent of $10.29 PSF NNN resulting in a very attractive price point of only $1,050,000.
Strong Corporate Lease: Advance Auto Parts has over 4,700 locations and employs 65,000 people nationwide, with 2023 annual sales of $11.3 Billion.
Vibrant Community: Nestled in the heart of Gaston, the property ensures convenient access to community amenities via Hwy 321, which connects to I-26, and is only 13-miles to downtown Columbia.
Major Retailers: Centrally located to major retails and traffic drivers such as Food Lion, Diamond Manufacturing Plant, Family Dollar, Wendy’s, KFC, 7-Eleven, and more.
Thriving and Growing Market: Capitalize on Columbia’s booming market, as it not only stands as the State Capital and second-largest MSA in South Carolina but was recently acclaimed as the #1 Place to Live in the state.
Top Visited Location: This store ranks in the 78th percentile nationally and the 75th percentile in South Carolina for Advance Auto Parts location visits, based on data from Placer.ai.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2005
Price
$1,050,000
Price Per SF
$150
Cap Rate
6.67%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.85 AC
Parking
42 Spaces (6 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 010100-02-264 | Improvements Assessment | $23,973 |
| Land Assessment | $1,639 | Total Assessment | $25,612 |
PROPERTY TAXES
Parcel Number
010100-02-264
Land Assessment
$1,639
Improvements Assessment
$23,973
Total Assessment
$25,612
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Advance Auto Parts | 5220 Highway 321
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