470 Fabian Dr - Restaurant FOR SALE


Aiken, SC 29803- Greater Aiken
$2,444,000 USD
980-498-3293
470 Fabian Dr, Aiken, SC for Sale
$2,444,000 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

470 Fabian Dr
Aiken, SC 29803
Greater Aiken


HIGHLIGHTS

  • ESTABLISHED REGIONAL RESTAURANT OPERATOR WITH CORPORATE GUARANTY
  • POSITIONED IN A DENSE RETAIL NODE
  • AIKEN MSA GROWTH

OVERVIEW

STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN providing no Landlord Responsibilities - Two (2) - Five (5) year option periods ESTABLISHED REGIONAL RESTAURANT OPERATOR WITH CORPORATE GUARANTY - Wild Wing is headquartered in Charlotte and has been operating for over 30 years - 20+ locations across 6 states - Wild Wing Café est annual revenue is $214.7 million POSITIONED IN A DENSE RETAIL NODE - Over 2 MSF of retail space within a 1-mile radius of asset - Nearby retailers include: Home Depot & Lowes Foods - Limited new construction in pipeline AIKEN MSA GROWTH - Total population of 438,735 K and reaches both GA and SC residents - Workforce surpasses 250,000 employees anchored by Savannah River Site and Augusta University Health - AHHI has risen over 20% in the past decade - MSA growth is fueled by ongoing in-migration from Atlanta, Columbia and Charlotte DEMOGRAPHIC STABILITY - In Aiken, 69.7% of households are owner occupied coupled by a low ownership turnover rate - Between 2022 and 2023, median property values in Aiken rose from $235K to $261K (11% in a single year) - Surrounding customer base has strong disposable income and home equity PROXIMITY TO MAJOR REDEVELOPMENT & MIXED-USE HUB - Former Aiken Mall site is being redeveloped into a mixed use multi-family center - 256 Class A multi family - $46 M committed in infrastructure buildout alone for the development site - Sits along Whiskey Rd (38,600 AADT) anchoring future demand and spillover traffic

FOR SALE DETAILS

PRICE

$2,444,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wild Wing Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

commercial

APN/PARCEL ID

106-16-02-079

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 Notice.