2526 Hwy 9 E - Fast Food FOR SALE


Little River, SC 29566
$4,095,000 USD
980-498-3293
2526 Hwy 9 E, Little River, SC for Sale
$4,095,000 USD
Fast Food - FOR SALE
1/3
null | 5.25% Cap Rate

2526 Hwy 9 E
Little River, SC 29566


HIGHLIGHTS

  • NEW RESIDENTIAL COMMUNITIES
  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGHLY VISIBLE ON MAIN COMMUTER & RETAIL THOROUGHFARE

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - New 20 year Abs. NNN - 2% Annual Increases - Zero Landlord Responsibilities - 4 x 5 year extensions providing a long term investment FAST GROWING BRAND - Freddy’s currently has over 550 locations across 36 states - The company goal is to reach 800 restaurants by 2026 with 130 locations in development for the next two years HIGHLY VISIBLE ON MAIN COMMUTER & RETAIL THOROUGHFARE - Site is fronting major commuter highway to the Myrtle Beach coast - Over 30K cars travel the highway per day - Over 266K SF of retail is located in a 1-mile radius, boasting a 0% vacancy rate NEW STATE OF THE ART BUILDING - Building is being built to suit Freddy’s concept - Warranties will be assigned to new owner NEW RESIDENTIAL COMMUNITES - Across the street from the site is the new residential development Beazer Homes at Sunset Landing - With 194 homes recently built in this community starting at $300,000 - Under a half mile from the site is another new residential development, Bridgewater Community - This community has over 1,500 houses which are spread across 950 acres with a resort style TOURIST DESTINATION - Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually - Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021 - Home to 25 international companies, in the top 10 for Foreign Direct Investment

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$1,569 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

-

APN/PARCEL ID

31404010001

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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