111 State Park Rd - Fast Food FOR SALE


Greenville, SC 29609- North Greenville
$1,175,000 USD
631-405-9914
111 State Park Rd, Greenville, SC for Sale
$1,175,000 USD
Fast Food - FOR SALE
1/10
null | 7.02% Cap Rate

111 State Park Rd
Greenville, SC 29609
North Greenville


HIGHLIGHTS

  • Prime Location: Posititioned on State Park Road (40,000+ Vehicles Per Day).
  • Adjacent N Pleasantburg Dr (SC-291) sees north of 50,000 Vehicles per day.
  • Tenant recently extended the lease an additional five years in 2026.
  • Greenville’s fastest-growing retail corridors, the property benefits from strong population growth and expanding residential and commercial density.
  • Drive Thru: Quick and easy service for customers.
  • Long Term Operating History: Pizza Hut has been operating at this location for 20+ years.

OVERVIEW

This absolute NNN Pizza Hut in Greenville, South Carolina offers 1031 exchange investors a rare combination of yield and excellent location at an accessible price point. At $1,175,000 and a 7% cap rate, the property generates $82,452 in annual rent with zero landlord responsibilities — no maintenance, no management, no capital expenditures. The tenant, Tasty Hut of SC, LLC, a Tasty Restaurant Group subsidiary operating 115+ locations, demonstrated confidence in this site by voluntarily extending their lease in 2026, adding to an already 20+ year operating history at this address. The location itself is hard to replicate: a signalized intersection with over 90,000 combined vehicles per day, surrounded by Chick-fil-A, Lowe's, TJ Maxx, Five Guys, Olive Garden, Chase, and Bank of America in one of the Southeast's strongest growth markets. Greenville's 5-mile trade area supports over 160,000 residents with projected growth to 178,000 by 2028 and average household incomes near $82,000, and average home values within a 10 mile radius average over $480k. For investors deploying 1031 proceeds into a stable, low-maintenance asset in a market with real underlying fundamentals, this offering deserves a close look.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$503 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C-2

APN/PARCEL ID

0173.02-05-014.01

ASK ABOUT THIS PROPERTY

Cole SilberSilber Investment Properties, LTDMore Info
631-405-9914

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Cole SilberSilber Investment Properties, LTDMore Info
631-405-9914

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