Jordan Oil Truck Stop - Shell, Hot Spot & Hardee's

For Sale

3883 Cross Anchor Rd, Enoree, SC 29335

This Enoree property for sale is located at 3883 Cross Anchor Rd. The general use of Jordan Oil Truck Stop - Shell, Hot Spot & Hardee's is retail and it incorporates 10,954 square feet of class C retail space. The current listed sale price for Jordan Oil Truck Stop - Shell, Hot Spot & Hardee's is $5,768,400. Jordan Oil Truck Stop - Shell, Hot Spot & Hardee's is situated on a lot that is 10.24 acre in size.

Contacts

broker

Filip Hernas

Prime Net Lease

Property Details

  • Property Type Retail - Freestanding
  • Property Size 10,954 SF
  • Lot Size 10.24 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2000
  • Date Updated Oct 29, 2024
Discover the charming community surrounding this prime commercial location in Enoree, SC. Nestled within a serene landscape, the area offers a peaceful setting for businesses seeking a tranquil work environment. Only a short drive away, the bustling business district of Spartanburg provides convenient access to a wealth of corporate resources and services. Nearby, the Enoree River Winery invites professionals to unwind and network in a picturesque countryside setting. Enjoy the best of both worlds with a peaceful office environment in Enoree and easy access to urban amenities in Spartanburg, making this property an excellent investment opportunity for office building investors.Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a freestanding truck stop, featuring a Shell Gas Station, Hot Spot Convenience Store and Hardee's Restaurant located in Enoree, South Carolina. The original franchisee guaranteed lease has over 8 years remaining on its initial term. This absolute NNN lease includes 8.50% rental increases every 5 years during the base term and grants the Tenant Four successive 5-year options to extend the lease. The Property has excellent visibility and is conveniently situated on Cross Anchor Road off of I-26 where the immediate area sees over 27,000 Vehicles Per Day from SC 146 (CROSS ANCHOR RD) TO SC 92 (HIGHWAY 92). I-26 runs generally east–west from near Landrum, in Spartanburg County, to U.S. Route 17 (US 17), in Charleston, South Carolina. It is also the longest Interstate Highway in South Carolina. This location benefits from having national tenant Hardee's apart of the center. The property takes advantage of traffic generated by visitors driving to the nearby Dollar General store built in 2022, which is just minutes away. In addition, Woodruff High School with a student count of over 800 is roughly 5 miles away from the property. Hot Spot is operated by R.L. Jordan Oil Company. The goal of RL Jordan Oil Company, Hot Spot stores, and our restaurants is to provide our customers with excellent and convenient service, a clean, safe and pleasant environment and quality products at competitive prices for the purpose of building a profitable business. Furthermore, it is the Company’s intention to strive to provide satisfying and rewarding employment believing that satisfied employees will result in satisfied customers.

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Highlights

  • LONG TERM LEASE - The subject property has over 8 years remaining on the initial term of the 20-year Absolute NNN Lease.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
  • RENTAL INCREASES - 8.5% every Five years throughout the base term and following Four options gives the investor the ability to hedge against inflation.
  • NATIONAL TENANT SUBLEASE - For over 60 years, Hardee's has brought communities together with quality, delicious food and more than 1,800 restaurants across the U.S., and locations in 13 countries.
  • EXCELLENT VISIBILITY - The immediate area sees over 27,000 Vehicles Per Day from SC 146 (CROSS ANCHOR RD) TO SC 92 (HIGHWAY 92).
  • BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
  • EXPERIENCED OPERATOR - R. L. Jordan Oil Company operates 41 Hot Spot convenience stores, 13 Hottie’s Kitchens, 7 Subways, 12 Hunt Brothers Pizza, and 1 Hardee's in North Carolina and South Carolina.
  • STRONG FINANCIALS - The tenant consistently reports their financials, offering transparency and insights into performance. For more detailed financial information, please contact the broker directly.

Attachments

Getting around

  • 21/100

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  • 13/100

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Location

  • City Enoree, SC
  • Neighborhood Enoree
  • Zip Code 29335
  • Market Greenville

Points of Interest

  • Shell

    0.00 miles

  • Marathon

    6.44 miles

  • Exxon

    6.95 miles

  • Truck Stop

    9.96 miles

  • Shell Gasoline

    10.00 miles

  • Hardee's

    0.02 miles

  • Mustard Seed BBQ and Country Cooking

    3.78 miles

  • Roma's Family Dining

    5.52 miles

  • Pete's Drive-In

    5.54 miles

  • Southend Bar & Grill

    5.63 miles

  • Carolina Fine Foods

    5.68 miles

  • Demeter's

    5.69 miles

  • Pizza Hut

    5.72 miles

  • Zaxby's

    6.04 miles

  • Burger King

    6.15 miles

  • Food Lion

    7.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Filip Hernas

Prime Net Lease