640 Spartanburg Hwy - Fast Food FOR SALE


Hendersonville, NC 28792- South End
$3,714,285 USD
828-674-3372
640 Spartanburg Hwy, Hendersonville, NC for Sale
$3,714,285 USD
Fast Food - FOR SALE
1/4
null | 3.5% Cap Rate

640 Spartanburg Hwy
Hendersonville, NC 28792
South End


OVERVIEW

Chick-fil-A ground lease offered for sale that occupies one of two outparcels to the Harris Teeter anchored Southside Square shopping center (McDonald's is on other outparcel). Location is well positioned in this area of Hendersonville, NC with a freestanding Ingles and a Planet Fitness anchored center across the street with both a freestanding Publix and Fresh Market anchored center 1 block away. 20 year ground lease with over 15 years remaining in the initial lease term. 10% rent bump at Year 11 & 21, then 10% rent bump each 10th year during the renewal options (10 renewal options of 5 years each). One existing ROFR.

FOR SALE DETAILS

PRICE

$3,714,285 USD

PRICE/SF

$743 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A Hendersonville South

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,597 SF

ZONING

C

APN/PARCEL ID

1009168

ASK ABOUT THIS PROPERTY

John SpakeSpake Real EstateMore Info
828-674-3372

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John SpakeSpake Real EstateMore Info
828-674-3372

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