945 Factory Shops Blvd - Restaurant FOR SALE


Gaffney, SC 29341
$3,508,343 USD
703-477-1315
945 Factory Shops Blvd, Gaffney, SC for Sale
$3,508,343 USD
Restaurant - FOR SALE
1/9
null | 7% Cap Rate

945 Factory Shops Blvd
Gaffney, SC 29341


HIGHLIGHTS

  • Absolute NNN lease features ±11.7 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
  • Rare annual rent increases of 1.8%
  • Located along State Route S-11-440, which intersects with Hyatt Street about a half mile to the east & provides access to Interstate 85 (65,000 VPD).
  • This freestanding Outback is strategically located as a part of the 360,000-square-foot Gaffney Outlet Marketplace.
  • 3.2 MSF of retail, 6.6 MSF of industrial, and 1,821 multifamily units within a 5-mile radius of the site.

OVERVIEW

The CBE Net Lease Property Group is pleased to offer for sale the 6,172-square-foot Outback Steakhouse situated on 0.24 acres in Gaffney, SC — part of the Greenville, SC CSA (CSA Population: 1.5M). Outback’s absolute NNN lease features ±11.7 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc. The offering also boasts rare annual rent increases of 1.8%.

FOR SALE DETAILS

PRICE

$3,508,343 USD

PRICE/SF

$568 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse: Gaffney, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

commercial

APN/PARCEL ID

063-00-00-052.009

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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