1004 Richland Ave - Fast Food FOR SALE


Aiken, SC 29801- Downtown Aiken
$3,180,952 USD
786-522-7013
1004 Richland Ave, Aiken, SC for Sale
$3,180,952 USD
Fast Food - FOR SALE
1/3
null | 5.25% Cap Rate

1004 Richland Ave
Aiken, SC 29801
Downtown Aiken


HIGHLIGHTS

  • 20 Year Absolute NNN Lease | No Landlord Responsibilities
  • Attractive 7.5% Rent Increases Every 5 Years | Strong Wendy’s Operators | 100+ Units
  • Strong Wendy’s Operators | 100+ Units
  • Aiken, South Carolina (Population 32,025) and One of 2 Largest Cities in The Central Savannah River Area

OVERVIEW

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Wendy’s located at 1004 Richland Avenue in Aiken, South Carolina. The subject property consists of a 2,134 SF freestanding building with a drivethru and is situated on a .78-acre parcel of land. This property is situated on RT-78 (Augusta Aiken Rd) and benefits from great visibility along this highly trafficked throughfare. The property is also immediately surrounded by other national and regional retailers including Sonic, KFC, Food Lion, Subway, Taco Bell, CVS, McDonald’s, O’Reilly Auto Parts, Bank of America, and a Walmart Supercenter. Also nearby the property are many brand new home developments including Eastwood Homes at True Cedar (15 Available Homesites), The Islands by D. R. Horton (155 Homesites), and Forrest Bluff by Ivey Homes (55 Homesites). Commencing in December of 2024, the Wendy’s lease will feature 20 years of primary term with attractive 7.5 percent rent increases every 5-years, including in each of the four 5-year renewal options. Wendy’s Company is an American parent company for the major fast food chain Wendy’s. It is headquartered in Dublin, Ohio and the company’s principal subsidiary in Wendy’s International, the franchisor of Wendy’s restaurants. There are 5,938 locations in the United States, and 1,006 International for a total of 6,949 locations. It’s U.S. Revenue in 2022 was $2.2 Billion.

FOR SALE DETAILS

PRICE

$3,180,952 USD

PRICE/SF

$1,491 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

104-19-15-007

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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