8919 Charlotte hwy - Restaurant FOR SALE


Indian Land, SC 29707
$3,580,000 USD
980-498-3293
8919 Charlotte hwy, Indian Land, SC for Sale
$3,580,000 USD
Restaurant - FOR SALE
1/5
null | 5% Cap Rate

8919 Charlotte hwy
Indian Land, SC 29707


HIGHLIGHTS

  • COSTCO-ANCHORED MIXED-USE DEVELOPMENT
  • FAST-GROWING CHARLOTTE SUBMARKET
  • AFFLUENT TRADE AREA

OVERVIEW

COSTCO-ANCHORED MIXED-USE DEVELOPMENT - Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned. FAST-GROWING CHARLOTTE SUBMARKET - Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne. AFFLUENT TRADE AREA - Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand. NEW 10-YEAR CORPORATE LEASE | 10% RENT INCREASES - Brand-new 10-year absolute NNN ground lease commencing November 2026 with 10% rent increases every five years. The lease is backed by a full corporate guaranty from Darden Restaurants (NYSE: DRI). INVESTMENT-GRADE DARDEN GUARANTY - Guaranteed by Darden Restaurants (NYSE: DRI), the nation's largest full-service restaurant operator with 2,200+ locations, $13.2 billion in fiscal 2026 revenue, and investment-grade credit ratings (S&P: BBB / Moody's: Baa2). ABSOLUTE NNN GROUND LEASE - Fee simple ownership under an absolute NNN ground lease with zero landlord responsibilities, providing passive, management-free ownership with no maintenance or capital expenditure obligations.

FOR SALE DETAILS

PRICE

$3,580,000 USD

PRICE/SF

$619 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN | Longhorn Steakhouse | Indian Land, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

-

APN/PARCEL ID

0010-00-029.08

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.