About This Restaurant
Investment Highlights
Fast Growing Brand Well Position Real Estate Passive Income with Strong Lease Terms
Executive Summary
Proven and Fast Growing Brand? Biggby Coffee currently has over 300 locations in the US? Biggby was named fastest growing coffee chain in America by CNBC in 2011Passive Income With Strong Lease Terms? Absolute NNN lease with no landlord responsibilities? 10% Rental increases every 5 years creating an inflation hedge for an investor? Lease is guaranteed by a multi-unit franchiseeWell Positioned Real Estate? Across the street from other national retailers: KFC, Zaxbys, and Bojangles? 1.5 miles (3 minute drive) from Batesburg-Leesville Middle and Elementary School? 1.1 miles (3 min drive) from Batesburg-Leesville Highschool, which has over 500studentsClose Proximity to Batesburg-Leesville Industrial Park? 5 minute drive from Batesburg-Leesville Industrial Park a 175 acre industrial park? Town of Batesburg-Leesville & Lexington County have jointly invested $3.5Mworth of infrastructure improvements? Two operators reside in the park: Fisher Tank Company and C.R. Jackson?s newasphalt plantColumbia MSA? Columbia?s average home price is $162,300, or roughly 35% less than the US Average Home Price, making the city very affordable and causing high growth rates? 12 Colleges / Universities are Located in the Central SC Region - Over 34K+ Students enrolled at the University of South Carolina alone? Columbia, SC?s population is 137,541
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Fast Food General Retail Restaurant General Retail Storefront Fast Food
- Building Size 1,000
- Building Class C
- Year Built 1993
- Price 655,000
- Price Per SF 655
- Cap Rate 5.50
- NOI 36,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.26 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
Parcel Number | 007100-07-028 | Improvements Assessment | $1,126 |
Land Assessment | $2,659 | Total Assessment | $3,785 |
Date Created: | 2024-07-16 04:23:36 | Last Updated: | 2024-07-16 04:23:36 |
Address: | 134 E Columbia Ave , Leesville, South Carolina, 29070 |