925 S Broad St - Fast Food FOR SALE


Clinton, SC 29325
$2,000,000 USD
949-903-8099
925 S Broad St, Clinton, SC for Sale
$2,000,000 USD
Fast Food - FOR SALE
1/7
null | 6% Cap Rate

925 S Broad St
Clinton, SC 29325


HIGHLIGHTS

  • 20 Year Sale-Leaseback | Experienced Operator (190+ Units) | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Food Lion Anchored Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, guaranteed by Soar QSR (190+ unit operator) Sonic investment property located in Clinton, South Carolina. Soar QSR is the 3rd largest Sonic franchisee and will sign a brand new 20 year lease at the close of escrow (sale-leaseback) with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,132 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic | 20yr Abs NNN SLB | 190+unit Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C-3

APN/PARCEL ID

901-29-01-015

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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