309 Oak Dr - Restaurant FOR SALE


Lexington, SC 29073- Oak Grove
$650,000 USD
803-309-5021
309 Oak Dr, Lexington, SC for Sale
$650,000 USD
Restaurant - FOR SALE
1/9
null | 9% Cap Rate

309 Oak Dr
Lexington, SC 29073
Oak Grove


HIGHLIGHTS

  • Pure net lease with no landlord maintenance pbligations. tenant pays taxes and insurance.

OVERVIEW

3,800 square foot Free standing building currently under a pure net lease to a local restaurant operator. Current tenant in place for two year and just executed a new three year pure net lease at $60,000.00 annually with three percent annual increases in base rents commencing in year two. Lease is personally guaranteed by the operator who is the the current tenant. Building is fully equipped with UCC filed covering the equipment. FF&E currently in place. 1.08 acre lot. This is a well maintained property under lease to the operator of a local chop house with two years operating history. Surrounded by dense residential in a rapidly growing area near Lexington, South Carolina.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Grove Fish House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,044 SF

ZONING

ID

APN/PARCEL ID

004499-03-015

ASK ABOUT THIS PROPERTY

George LeeProfessional Realty Inc.More Info
803-309-5021

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George LeeProfessional Realty Inc.More Info
803-309-5021

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