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910 Mccarter Road

Marcus & Millichap Orchestrates $7.3M Sale Of 7-Eleven Property In Fountain Inn
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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

Austin Weisenbeck

Marcus & Millichap

Broker

$316.5M

vol

53 deals

Broker

Fountain Inn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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