3401 Clemson Blvd - Restaurant FOR SALE


Anderson, SC 29621
$2,424,348 USD
847-384-2840
3401 Clemson Blvd, Anderson, SC for Sale
$2,424,348 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

3401 Clemson Blvd
Anderson, SC 29621


HIGHLIGHTS

  • Clemson Boulevard, the prime retail corridor, has huge barriers to entry
  • Situated along I-85 corridor between Charlotte and Atlanta
  • Site also benefits from being the epicenter of residences and hotels
  • Greenville, Anderson and Spartanburg are part of the group of counties leading South Carolina’s growth by 1mm residents over the next 10 years
  • HQs to BMW & Michelin
  • Immediate proximity to Clemson University

OVERVIEW

Colliers is delighted to present an exciting investment opportunity: the fully renovated Metro Diner ground lease located at 3401 Clemson Boulevard, Anderson, South Carolina in the rapidly growing Greenville-Anderson, SC Metropolitan Statistical Area. This brand-new 10-year NNN lease, projected to commence on approximately March 15, 2025, is backed by one of the nation’s top emerging chains, Metro Diner, operated in part by Chris Sullivan, co-founder of Outback Steakhouse. Known for its generous portions, Southern hospitality, and classic comfort food, Metro Diner was founded in Jacksonville, FL, in 1938, and has since expanded to over 60 locations across 12 states, following a successful partnership with ConSul Hospitality in 2014. The property is prominently situated on a prime hard corner at Main Street (Hwy 178) and Country Club Lane. It spans 4,100 square feet on approximately 0.88 acres, an invaluable position given the limited land availability along Clemson Blvd, which remains a hotspot for food retailers. The surrounding area includes a robust mix of national and regional retailers and services like Target, TJ Maxx, Ulta, Dicks, Chick-fil-A, Starbucks, alongside hotels, medical facilities, and more. Located within the Greenville-Anderson, SC Metropolitan Statistical Area—home to nearly one million residents and projected for significant population growth—this area benefits from nearby major institutions like Clemson and Furman Universities. Greenville’s status as a key inland port and host to major headquarters like BMW and Michelin North America further enhances the region’s economic stability. Further, the site is proximate to Lake Hartwell which sees 10 million visitors annually. This NNN lease offers a true passive investment structure, with the tenant responsible for all real estate taxes, CAM, and insurance. The landlord has installed a brand-new roof, and the accompanying warranty will be assigned to the tenant. The tenant is responsible for all repairs/replacement of the roof thereafter. This asset is offered at $2,424,348, reflecting a competitive 5.75% cap rate. This is a rare opportunity to acquire a high-quality, stabilized asset in one of the Southeast’s most dynamic markets.

FOR SALE DETAILS

PRICE

$2,424,348 USD

PRICE/SF

$591 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

gc

APN/PARCEL ID

121-06-03-009

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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

Peter BlockColliersMore Info
847-384-2840

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