1466 Woodruff Rd - Fast Food FOR SALE


Greenville, SC 29607- Outer Greenville/Mauldin
$3,100,000 USD
864-752-0301
1466 Woodruff Rd, Greenville, SC for Sale
$3,100,000 USD
Fast Food - FOR SALE
1/6
null | 4.4% Cap Rate

1466 Woodruff Rd
Greenville, SC 29607
Outer Greenville/Mauldin


HIGHLIGHTS

  • Corporate-guaranteed absolute NNN lease with zero landlord responsibilities
  • 15-year initial term with three 5-year renewal options and 10% rent escalations every five years
  • Strategic location on Woodruff Road, Greenville’s dominant retail corridor with 40,305 VPD
  • Surrounded by top-tier national retailers, including Walmart, Hobby Lobby, Starbucks, and Publix
  • Strong market fundamentals with high-income demographics and rapid regional growth

OVERVIEW

This offering presents a premier single-tenant net lease investment opportunity featuring Whataburger, a nationally recognized quick-service restaurant brand with a strong regional presence. Located at 1466 Woodruff Road in Greenville, South Carolina, the property benefits from a high-traffic retail corridor with over 40,000 vehicles per day and exceptional visibility. The site is surrounded by major national retailers, including Walmart, Hobby Lobby, Starbucks, and Publix, creating a robust consumer draw and consistent foot traffic. The tenant, Whataburger Restaurants, LLC, operates under a corporate-guaranteed, absolute NNN lease structure, providing investors with a truly passive income stream. The original 15-year lease commenced in June 2024 and runs through June 2039, with three 5-year renewal options and 10% rental increases every five years. Current annual rent starts at $135,000, escalating to $215,725 in later option periods, ensuring long-term income growth. Greenville is one of the fastest-growing markets in the Southeast, strategically positioned near major interstates (I-85 and I-385) and within driving distance of Charlotte, Atlanta, and Asheville. The area boasts strong demographics, with a projected 2025 population of over 219,000 within a 15-minute radius and average household incomes exceeding $120,000. This combination of a high-performing tenant, long-term lease security, and a thriving location makes this property an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$735 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

C2

APN/PARCEL ID

0547.03-01-043.05

ASK ABOUT THIS PROPERTY

William RungeCollett & AssociatesMore Info
864-752-0301

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

William RungeCollett & AssociatesMore Info
864-752-0301

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