297 Lancaster BypLancaster, SC 29720
SC QSR, 7% Cap Rate, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 7+ years remaining on a corporate-guaranteed, absolute NNN lease with four 5-year renewal options; zero landlord responsibilities.
- 10% rent increases every five years, providing inflation protection.
- Hardee's, a CKE Restaurants Holdings, Inc. brand, is the tenant; strong national brand recognition.
- High-traffic location at a signalized intersection (Clinton Ave & Lancaster Bypass E, US Route 521) with over 29,100 vehicles daily; near Walmart, CVS, and other national retailers.
- Strong demographics: over 18,400 people within a 3-mile radius, average household income exceeding $66,918.
- 3,472 SF building on a 1.28-acre lot; $2,161,742 asking price, 7.00% cap rate, $151,322 NOI.
Property Details for 297 Lancaster Byp
- Property type
- Retail properties
- Square Feet
- 3,472 SF
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 55,757 SF
- Units
- 1
Location Insight
- City
- Lancaster
- County
- Lancaster
- State
- South Carolina
- Latitude
- 34.7342105
- Longitude
- -80.769265
Nearby Similar for Sale
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