704 W Wade Hampton Blvd - Restaurant FOR SALE


Greer, SC 29650
$2,622,857 USD
612-413-4200
704 W Wade Hampton Blvd, Greer, SC for Sale
$2,622,857 USD
Restaurant - FOR SALE
1/6
null | 7% Cap Rate

704 W Wade Hampton Blvd
Greer, SC 29650


HIGHLIGHTS

  • Strong Tenant with Long-Term NNN Lease
  • Rapidly Growing Market
  • Excellent Visibility & Accessibility
  • High-Traffic Retail Corridor
  • Strong Surrounding Demographics
  • Experienced Multi-Unit Franchisee

OVERVIEW

Strong Tenant with Long-Term NNN Lease - Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai. Rapidly Growing Market - Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States. Excellent Visibility & Accessibility - Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville. High-Traffic Retail Corridor - Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day. Strong Surrounding Demographics - A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000. Low Vacancy Submarket - The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar. Experienced Multi-Unit Franchisee - Operated by Legacy Apple, a long-standing Applebee’s franchisee with a multi-state portfolio and decades of experience operating and expanding Applebee’s restaurants throughout the Midwest and Southeast.

FOR SALE DETAILS

PRICE

$2,622,857 USD

PRICE/SF

$662 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's | Greer, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C-3

APN/PARCEL ID

G019.00-01-007.06

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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