1029 Edgefield Rd - Fast Food FOR SALE


North Augusta, SC 29860
$2,080,000 USD
470-344-2586
1029 Edgefield Rd, North Augusta, SC for Sale
$2,080,000 USD
Fast Food - FOR SALE
1/11
null | 6.25% Cap Rate

1029 Edgefield Rd
North Augusta, SC 29860


HIGHLIGHTS

  • Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
  • Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Augusta National (90,000 visitors)
  • Near Signalized Intersection | High Traffic Corridors | Interstate 20 | Drive-Thru Equipped Building
  • Six-Figure Income | Strong Demographics in Trade Area

OVERVIEW

• The tenant, Caribou Coffee Operating Company Inc., recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features a 12.5% rental increase during year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation • The lease is signed by the corporate entity • Caribou Coffee is a well-known and established coffee chain with more than 800 coffeehouses worldwide

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$2,311 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee - North Augusta SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

PD

APN/PARCEL ID

010-14-03-007

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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