925 S Broad St
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925 S Broad St
1,767 SF Retail Building Clinton, SC 29325 $2,000,000 ($1,132/SF) 6% Cap Rate
Investment Highlights
- 20 Year Sale-Leaseback | Experienced Operator (161+ Units) | Options to Extend
- Outparcel to Food Lion Anchored Center | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 90+ unit entity guaranteed Sonic investment property located in Clinton, South Carolina. The site is operated by Soar QSR, a 161+ unit operator and the 4th largest Sonic franchisee. The tenant, Sonic will sign a brand new 20 year lease at the close of escrow (sale-leaseback)with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,767 SF
Building Class
C
Year Built
2008
Price
$2,000,000
Price Per SF
$1,132
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.97 AC
Zoning
C-3 - General Commercial
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
94 FT on Broad St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 901-29-01-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $32,350 |
PROPERTY TAXES
Parcel Number
901-29-01-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$32,350
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925 S Broad St
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