About This Restaurant
Investment Highlights
Executive Summary
5% rent increases every five (5) yearsConveniently located on a commuter corridor capturing commuters in and out of Mullins and the surrounding residential areas4,000 vehicles per day west of the siteSurrounding National Tenants include Subway, Burger King, Napa, Circle K, Piggly Wiggly, Family Dollar, First Citizens BankDollar General Market sells meat, produce, and other fresh goodsBrand New ConstructionNew LED Lighting Interior & ExteriorNNN ? Zero Landlord ResponsibilitiesFifteen (15) year initial term NNN leaseFive 5-year optionsExcellent investment for a passive investorOpening by Early May 2024
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Retail
- Building Size 12,480
- Building Class B
- Year Built 2024
- Construction Status Under Construction
- Price 2,123,534
- Price Per SF 170
- Cap Rate 6.45
- NOI 136,968
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 2.20 AC
| Date Created: | 2024-07-16 04:23:37 | Last Updated: | 2024-07-16 04:23:37 |
| Address: | 111 Jack Mears Street , Mullins, South Carolina, 29574 | ||