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 |