About This Restaurant
Investment Highlights
Strong Brand Tenant Mix Surrounded by Major Industrial Employers High Growth Submarket in Greenville MSA
Executive Summary
Attractive Lease Fundamentals - Each tenant has rental increases through out the base term and option periods - Each lease is structured NNN, providing minimal landlord responsibility - Each Tenant is either corporate or backed by a healthy franchiseeStrong Brand Name Tenant Mix - The center includes McAlister?s Deli (588 locations), Another Broken Egg (80 locations), and CHOP Barber Shop (10 locations)High Growth Submarket of Greenville MSA - 4.4% annual growth rate in a 1-mile radius - AHHI exceeds $103K in a one mile radius - Over 600 new apartment units delivered in the pats 2 years (2,369 total units in a 2.5 mile radius)Excellent Exposure on Concentrated Retail Corridor - Outparcel of Covey Homes Harrison Bridge (112 units) - Located on a corner of a lighted intersection of Harrison Bridge Rd (22.3K VPD) and Grandview Dr (12K VPD) - Less than 0.3 miles to I-385 (58.9K VPD) - Over 1.6MSF of retail space within a 1-mile radiusNew Construction - Newer construction should limit a new owner?s exposure to capital repairs during the hold period - Transferable warranties in placeClose Proximity to Major Industrial Employers - ~0.5 miles to Kyocera Electronic Devices Manufacturing Plant - ~1.3 Miles to Grainger?s ~1MSF distribution center - Over 2.4MSF of industrial space in a 1-mile radius
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 8,050
- Year Built 2024
- Price 5,428,500
- Price Per SF 674
- Cap Rate 6.25
- NOI 339,282
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 1.42 AC
Nearby Amenities & Transportation
Retail | Another Broken Egg | ||
Retail | 9Round | ||
Retail | Food Lion | ||
Retail | Planet Fitness | ||
Retail | Cracker Barrel Old Country Store | ||
Retail | Starbucks | ||
Retail | Orangetheory Fitness | ||
Retail | ALDI | ||
Retail | Woodforest Bank | ||
Retail | Chili's |
Date Created: | 2024-07-16 04:23:35 | Last Updated: | 2024-07-16 04:23:35 |
Address: | 234 Harrison Bridge Rd , Simpsonville, South Carolina, 29680 |