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258 Plemmons RdDuncan, SC 29334
7-Eleven | Greenville-Spartanburg MSA | 5.15% Cap
Asset ClassRetail
7-Eleven | Greenville - Spartanburg MSA | 5.15% Cap

Overview

Abs. NNN 7-Eleven located on one of the most trafficked logistics thoroughfares in the East Coast.

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Investment Highlights

Cap Rate
5.15%
MSA
Greenville-Spartanburg, SC
Year Built
2023

Directly Next Door to BMW’s Largest US Manufacturing Facility

• The facility contains over 8 million square feet and employs more than 11,000 workers

• 7-Eleven’s new truck stop location has a built in customer base right away given the truck volume required to service BMW’s manufacturing business

• The existing Quiktrip across the street is one of the top producers in their entire system, and the new 7-Eleven outpositions the QT property for trucks to refuel

7-Eleven Located on the Same Side of the Interstate Exit as Michelin’s Largest US Distribution Center

• Michelin’s 3.3M SF distribution center, located in Woodruff, SC, owned and operated by Michelin North America is the largest distribution center of the Michelin Group worldwide. It serves approximately 60% of the customers in North America.

Unmatched Demographic Growth Trends

• Purposefully located on the South side of the interchange to service Michelin’s 3.3M SF distribution center

• Population of 11,853 within a 3-mile radius | 13.09% 1-mile projected population growth through 2027

Strategic Location Directly Next to Greenville’s Fast Growing Airport

• Greenville-Spartanburg Int’l Airport is located only a few miles from the brand new 7-Eleven, and the trucks servicing the airport will use this exact exit for fuel

• GSP Airport is the fastest growing airport in South Carolina and services 2.6M passengers a year

Huge, Oversized Parcel with Future Value

• Strong residual value for the parcel size directly off a major intersection on I-85 in Greenville, SC

• No matter how many years into the future, there will always be a use for 4.70 Acres directly off the interstate

• 65.66% 1-mile Population Growth Since 2010

Rare, NNN Property in the Booming Greenville, SC MSA

• NNN properties with No Landlord Responsibilities are difficult to find in the top investment markets such as Greenville, SC

• The year over year property rent in Greenville, SC continues to climb as the population growth is higher than most other cities

Excellent Exposure & Visibility Along Logistical Arterial Thoroughfare

• I-85 is One of the Most Heavily Trafficked Highways in SC (100k+ VPD)

• With 780 feet of frontage along State Highway 101 (26k VPD), the subject property enjoys ample visibility

• Immediate Access to the I-85 On Ramp Assures this 7-Eleven Becomes the Preferred Location for Semi-Truck Drivers Refueling

• Over 29M SF of Industrial Properties within a 3-Mile Radius of the Subject Property will Promote Significant Semi-Truck Traffic

New Larger 7-Eleven Prototype and Semi-Truck Hub & Fuel Station

• 20 Standard Pumps & 12 Diesel Pumps For Semi-Trucks | RV and Truck Parking Spaces Available

• Effortless Refueling Capabilities Will Attract Significant Commercial Drivers to the Subject Property

• The Adjacent QuikTrip Ranks in the top 3% Nationally and #4 in the State of South Carolina

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258 Plemmons RdDuncan, SC 29334
BMW - 8MSF Manufacturing Facility

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Listing provided by Revere CRE