NAI Avant Closes Sale of Columbia Gas Station


two notch shellNAI Avant Director of Retail Services Patrick Palmer, CCIM recently facilitated the sale of a Shell Gas and Convenience Center. Located at 7444 Two Notch Road, the property is on US Highway 1 between I-20 and Columbia Place Mall. Palmer represented the seller, First Palmer Trust. The 2,585 square foot property was built in 1976 according to a listing on Showcase.

The property was on the market at an asking price of $1,046,154, and sold for $875,000. The asking cap rate was 9.75%, and there are reportedly five years remaining on the  triple net lease.

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