620 N Jefferies Blvd - Fast Food FOR SALE


Walterboro, SC 29488
$2,682,950 USD
312-600-6368
620 N Jefferies Blvd, Walterboro, SC for Sale
$2,682,950 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

620 N Jefferies Blvd
Walterboro, SC 29488


HIGHLIGHTS

  • Attractive 20-Year NNN Lease with Annual Escalations
  • 3.0x EBITDAR Ratio since 225 Remodel
  • Large Franchisee - 115-unit Operator

OVERVIEW

Newly remodeled Wendy's located on N. Jefferies Boulevard in Walterboro, the county seat of Colleton County. The site benefits from roughly 16,900 vehicles per day, a position across from the city and county government complex, and established national co-tenants including McDonald's, Hardee's, Belk and Tractor Supply. The property is held on an absolute NNN lease with 20 years of term remaining through April 2046, followed by three five-year renewal options and no landlord responsibilities. Rent increases 1.5% annually, rising from $160,977 to $213,609 over the term. The lease is guaranteed by Carolina Restaurant Group, a 115-unit Wendy's franchisee. The building was fully remodeled in 2025, and the unit has maintained 3.0x EBITDAR-to-rent coverage since the remodel.

FOR SALE DETAILS

PRICE

$2,682,950 USD

PRICE/SF

$1,039 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

UD

APN/PARCEL ID

163-07-00-083

ASK ABOUT THIS PROPERTY

Michael MorgretVestianMore Info
312-600-6368

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Michael MorgretVestianMore Info
312-600-6368

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