New Construction | Greenville, SC MSA | Mission Critical Mini Pumper Location W/ Diesel Canopy

Description:

STRONG REAL ESTATE FUNDAMENTALS
• Brand new 2024 construction
• Latest Circle K prototype located at a 4-way signalized intersection
• Large parcel size of ±3.58 acres with 5 MPDs/10 hoses + a separate diesel canopy with 3 MPDs
• Frontage along Pearman Dairy Road (±22,500 VPD) and Old Pearman Dairy Road (±8,100 VPD)
• Multiple points of ingress and egress
• Located ±10 miles from Clemson University
• South Carolina’s 2nd largest university by enrollment with 22,000+ students
• Adjacent to newly constructed apartment complex, Norfolk Place Apartments
• Lack of gas/c-store competition

OPTIMAL LEASE STRUCTURE
• Rare 20-year base term
• Four, 5-year renewal options
• Inflation hedge with 1.5% rent escalations every year through the entire lease
• ABSOLUTE TRIPLE NET (NNN) with no landlord responsibilities
• Tax advantages with accelerated & bonus depreciation due to fee simple ownersh

GREENVILLE, SC ADVANTAGE
• The metro is expected to add almost 80,000 people through 2027, which will result in the formation of 36,000 households
• Major industries include technology and financial services
• Largest employers:
• Prisma Health (health services)
• Michelin North America (HQ, R&D, manufacturing)
• Bon Secours St. Francis Health System (health services)
• Duke Energy Corp. (utility provider)

LARGE FRANCHISEE & DOMINANT BRAND
• Largest Alimentation Couche-Tard franchisee in US
• Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
• 30+ year operating history
• HQ in Atlanta, GA
• Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

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