Taco Bell | 5.35% Cap 904 E Main St

904 E Main St , Laurens, South Carolina, 29360 | 1,500 sq.f | $ 1,439,000

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About This Restaurant

Investment Highlights

Attractive Lease Fundamentals Greenville MSA Walmart Supercenter Out-Parcel

Executive Summary

Attractive Lease Fundamentals - 10% rent increases every 5 years and during option periods - Absolute NNN ground lease with no early termination clause - Four (4) - Five (5) year option periodsFronting a Major Commuter Rd - E. Main St has over 13k vehicles per day - Main commuter route connecting Laurens, SC and Clinton, SC - E. Main St. provides direct access to Lauren County Hospital (90 Beds) - 3.2 MilesLocated in Commercial Hub - Over 822k SF of retail space in a 1-mile radius - National tenants include: Starbucks, Sonic, Pizza Hut, MoD Wash, Walgreens, and Zaxby?sNearby Major Retailers - Located in front of a Walmart Super Center (1.8M visits in trailing 12 months) - Across the street from Ingles market (8th best preforming store in NC) and Belk OutletName Brand Tenant - Taco Bel is located in all 50 states and has over 7,800 total locations - Taco Bell serves over 4.2M customers weekly

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
  • Building Size    1,500
  • Building Class    B
  • Year Built    2017
  • Price    1,439,000
  • Price Per SF    959
  • Cap Rate    5.35
  • NOI    77,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.07
  • Land Acres    0.47 AC

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Property Taxes

Parcel Number 906-20-01-087 Improvements Assessment $24,750
Land Assessment $67,440 Total Assessment $92,190
Date Created: 2024-07-16 04:23:36 Last Updated: 2024-07-16 04:23:36
Address: 904 E Main St , Laurens, South Carolina, 29360