Marcus & Millichap Orchestrates $7.3M Sale Of 7-Eleven Property In Fountain Inn
910 Mccarter Road
$7,300,000
$1,569/SF
Building Size
4,650 SF
Asset Type
Retail
Closing
Jan 15, 2024
AI
Marcus & Millichap facilitated the sale of a 4,650-square-foot single-tenant property in Fountain Inn, SC. The property, located at 910 Mccarter Road, was sold for $7,300,000 at a price per square foot of $1,570. The transaction involved a retail asset, with 7-Eleven as the occupant under a 15-year net lease and corporate guarantee.
Summary of transaction details
- Property Type: Retail
- Sale Price: $7,300,000
- Square Footage: 4,650
- Address: 910 Mccarter Road, Fountain Inn, SC
- Market: Fountain Inn, SC
The deal was orchestrated by Marcus & Millichap, with brokers Austin Weisenbeck, Benjamin Yelm, Sean Sharko, and Timothy Nichols representing the transaction. Their expertise in the market and knowledge of the industry played a crucial role in the successful sale of the property.
Players
Fountain Inn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93