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| Price $3,216,000 | Built/Renov 2024 | Tenant Zaxbys | Lake Murray | Columbia MSA |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,900
| Lease Start
04-01-2024
| #Units
600
|
| Price/SF $1,108.97 | Expiration
03-31-2044
| Tenant Type Fast Food/QSR |
| NOI $201,000 | R. Term 18.5 | Ownership Fee Simple |
| Rent/SF
$69.31
| Increases 8.0%/5/yrs | Pop 5Mi 62,341 |
| Lot/AC 1.00 | Options 4/5yrs | AHHI 5Mi $138,755 |
| | |
» NEW CONSTRUCTION: 2024 ground-up development with a new prototype building that includes a double drive thru
» LONG-TERM NET LEASE: 20-year absolute NNN lease with 4 renewal options and ZERO landlord responsibilities (full-term PG)
» RENTAL UPSIDE: 8% rent bump every 5 years beginning in 2029 throughout the option periods
» NATIONAL BRAND: Zaxby’s has 960+ locations in 19 states and projected to have 1,000+ by year-end 2025
» GROCERY ANCHOR: Outparcel to Ballentine Market, a 51,000 SF and 100% occupied Food Lion center serving the community for 35+ years
» HIGH PROFILE CORNER: Busy signalized intersection that has traffic counts of +/-28,200 cars per day on Dutch Fork Rd
» POPULATION EXPLOSION: Over 73% growth since 2010 and over 13% growth since 2020 within a 1-mile radius
» DENSE RESIDENTIAL: Over 2,000 homes within a 5-minute drive and nearly 90,000 residents within a 15-minute drive
» HIGH INCOMES: Median HH income of $108,000 and average HH income of $160,000 within a 1-mile radius
» STRONG RETAIL REGION: The Columbia MSA has approximately 55.3 million SF of retail with vacancy rate of 3.5%» NEW CONSTRUCTION: 2024 ground-up development with a new prototype building that includes a double drive thru
» LONG-TERM NET LEASE: 20-year absolute NNN lease with 4 renewal options and ZERO landlord responsibilities (full-term PG)
» RENTAL UPSIDE: 8% rent bump every 5 years beginning in 2029 throughout the option periods
» NATIONAL BRAND: Zaxby’s has 960+ locations in 19 states and projected to have 1,000+ by year-end 2025
» GROCERY ANCHOR: Outparcel to Ballentine Market, a 51,000 SF and 100% occupied Food Lion center serving the community for 35+ years
» HIGH PROFILE CORNER: Busy signalized intersection that has traffic counts of +/-28,200 cars per day on Dutch Fork Rd
» POPULATION EXPLOSION: Over 73% growth since 2010 and over 13% growth since 2020 within a 1-mile radius
» DENSE RESIDENTIAL: Over 2,000 homes within a 5-minute drive and nearly 90,000 residents within a 15-minute drive
» HIGH INCOMES: Median HH income of $108,000 and average HH income of $160,000 within a 1-mile radius
» STRONG RETAIL REGION: The Columbia MSA has approximately 55.3 million SF of retail with vacancy rate of 3.5%
The Property is located in the growing and affluent Ballentine community 5 minutes off I-26 and 15 miles from downtown Columbia (state capital). Positioned at a busy signalized intersection on Dutch Fork Road (28,200 VPD), the Property sits just off the shores of popular Lake Murray. With 50,000+ acres and 650+ miles of shoreline, Lake Murray was named the “#1 Best Lake for Water Sports” by...
...New construction
Highway close
Business growth area
Long 15+ yr lease
Traded and rated company
Personal guarantee
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
