Biggby Coffee | Abs. NNN | 5.50% Cap 134 E Columbia Ave

134 E Columbia Ave , Leesville, South Carolina, 29070 | 1,000 sq.f | $ 655,000

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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