About This Restaurant
Investment Highlights
Original 20 Year Lease; Recent 10 Year Lease Extension; 10.00% Rent Increase Commencing November 2028; Strong Reported Unit Level Sales Small Price Point; Tenant Paying Low Rent PSF; Absolute Net; Zero Landlord Responsibilities; Fee Simple; Building + Land Ownership Situated along the Major Retail Corridor in Greenwood; Surrounding Retailers include; Zaxby?s, Aarons, Taco Bell, Hampton Inn, Sonic, Ollie?s Bargain Interior/Exterior Renovations Completed in 2021; Lease Operated by Top Applebee?s Franchisee: Thrive Restaurant Group; 170+ Unit Operator Adjacent to Food Lion; Dominant Grocer with 150+ Locations in South Carolina; Daily Traffic Counts Exceeding 24,000 Cars Per Day #1 Spending within 5 Miles is Food & Alcohol (Per CoStar Consumer Spending Report)
Executive Summary
Lowest Rent Applebee's on Market
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Bar General Retail Restaurant General Retail Storefront Freestanding
- Building Size 4,962
- Building Class C
- Year Built/Renovated 1999/2021
- Price 1,503,000
- Price Per SF 303
- Cap Rate 6.65
- NOI 100,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.54
- Land Acres 0.21 AC
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 6846-952-884-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $119,030 |
| Date Created: | 2024-07-16 04:23:35 | Last Updated: | 2024-07-16 04:23:35 |
| Address: | 1617 Bypass 72 NE , Greenwood, South Carolina, 29649 | ||