451 N Highway 52 - Fast Food FOR SALE


Moncks Corner, SC 29461
$3,520,000 USD
949-698-1105
451 N Highway 52, Moncks Corner, SC for Sale
$3,520,000 USD
Fast Food - FOR SALE
1/9
null | 6.25% Cap Rate

451 N Highway 52
Moncks Corner, SC 29461


HIGHLIGHTS

  • 12+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Growing & Popular Brand | Experienced Franchisee
  • Signalized, Hard Corner Intersection | Dual Drive-Thru Equipped
  • Strong Demographics In Immediate Trade Area | Charleston MSA

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Slim Chickens investment property located in Moncks Corner, South Carolina. The franchisee, Chandler Restaurant Group, LLC, has over 12 years of initial lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 6% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Chandler Restaurant Group, LLC is an established operator of fast casual/quick-service restaurants. The company currently operates 38 Firehouse Subs locations. Branching into Slim Chickens in 2022, Chandler Restaurant Group plans to open 8 more Slim Chickens locations throughout Myrtle Beach, Charleston, and Florence, SC. Slim Chickens has over 300 locations opened and a fanatical following in 34 U.S. states.

FOR SALE DETAILS

PRICE

$3,520,000 USD

PRICE/SF

$1,313 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens | 12+yrs Remain Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-2

APN/PARCEL ID

123-00-04-093

ASK ABOUT THIS PROPERTY

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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