2476 Cherry Rd - Fast Food FOR SALE


Rock Hill, SC 29732
$2,308,000 USD
704-995-2850
2476 Cherry Rd, Rock Hill, SC for Sale
$2,308,000 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

2476 Cherry Rd
Rock Hill, SC 29732


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS WITH ANNUAL RENT INCREASES
  • HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
  • FAST GROWING BRAND WITH EXPERIENCED OPERATOR

OVERVIEW

FAST GROWING BRAND WITH EXPERIENCED OPERATOR - Dave’s Hot Chicken currently has over 199 locations, and was awarded America’s Fastest Growing Restaurant Chain in 2023 (Technomic) - Systemwide sales increased 156% from 2021 to 2022 - Multi-Unit operator that operates both Jersey Mikes and Dave’s Hot Chicken ATTRACTIVE LEASE FUNDAMENTALS WITH ANNUAL RENT INCREASES - Fifteen year ground lease provides next owner with zero landlord responsibilities - 2.5% annual rent increases throughout the initial term and option periods CHARLOTTE MSA TAILWINDS - Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country - Charlotte forecasts a 45.2% job growth over the next 10 years HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR - More than 32K cars travel Chery Rd a day - Approximately 0.6 miles to I-77 (71.9K VPD) - Over 1.7MSF of retail located in 1-mile radius with 18K of absorption in past 12 months, with 1.0% vacancy rate - Nearby National Tenant’s include: Publix, Chick-Fil-A, Aldi, and McDonald’s EASILY ACCESSIBLE LOCATION - Ingress and egress on Cherry Rd (32K VPD) - Cross-access with Aldi shopping center, providing access to Anderson Rd (20K VPD) which feeds into a signalized intersection on Cherry Rd RECENTLY RENOVATED BUILDING - Recently Renovated Building - Existing QSR that has been renovated and retrofitted to suit the Tenant’s newest prototype - Existing drive through

FOR SALE DETAILS

PRICE

$2,308,000 USD

PRICE/SF

$1,154 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dave's Hot Chicken

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

Commercial

APN/PARCEL ID

6620701078

ASK ABOUT THIS PROPERTY

Mike LucierAtlantic Capital PartnersMore Info
704-995-2850

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Mike LucierAtlantic Capital PartnersMore Info
704-995-2850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.