Many investors are interested in the new tax law and “bonus depreciation” found in the Big Beautiful Bill signed into law by President Donald Trump in 2025. Unfortunately, this deal is a ground lease and will not qualify for this exemption, for that reason alone, but gas stations where you do own the tanks, pumps and dispensers will. Cost segregation is widely used these days, but I remember when it was just in its infancy and even sophisticated investors has zero idea of how it worked. Simply put, you break down the investment into separate functions and depreciate on different schedules. For instance, if it’s a hotel, you can depreciate the furniture, out-outdoor landscaping, lobby and kitchen, different from the main improvement. With gas station, it’s the tanks, pumps and dispensers. Columbia is the capital of South Carolina, and this Murphy’s deal is perfectly located to benefit from the stable economy in the area. While crime is a bit above the national average, it’s still a family friendly and nice place to live, as long as you can deal with the heat! The Y location is perfect for a gas station, and this new store should prove successful for the chain. I grade this deal a B- and would offer a 5.5% cap or better. It’s a low price point deal on a good size chunk of land but I don’t like that there is no fast food in the area or a major shopping hub other than an Aldi’s and a Walgreens across the way. I help high-income professionals-such as doctors, lawyers, and business owners- navigate and analyze NNN investments during a 1031 exchange. On this channel, I break down real deals across the country, including gas stations, fast-food properties, and single-tenant net-leased investments. learn how an industry veteran picks out the red flags and finds the hidden opportunities where most people miss the clues. Subscribe for daily insights, deal breakdowns, and real-world strategies.