1522 E Greenville St - Fast Food FOR SALE


Anderson, SC 29621- Anderson Core
$2,564,000 USD
214-561-6004
1522 E Greenville St, Anderson, SC for Sale
$2,564,000 USD
Fast Food - FOR SALE
1/9
null | 5.85% Cap Rate

1522 E Greenville St
Anderson, SC 29621
Anderson Core


HIGHLIGHTS

  • 20-Year Sale-Leaseback | Experienced Operator (200+ Units) | Options To Extend | Scheduled Rental Increases | Only Sonic In Anderson County
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel To New AnMed Development | Prime Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. This is the only Sonic located in Anderson County, the next closest is 24+ miles away. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,564,000 USD

PRICE/SF

$1,227 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

GC

APN/PARCEL ID

148-08-02-006

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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