For Sale
$4,312,000

2030 Mccrays Mill RdSumter, SC 29154

Sumter, SC QSR, 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,460 square foot Zaxby's restaurant located at 2030 McCrays Mill Rd, Sumter, SC 29154. The property sits on a one-acre lot with 53 parking spaces and boasts excellent visibility from McCrays Mill Rd, which sees approximately 14,100 vehicles per day. The property is strategically located near Sumter High School (2,306 students) and numerous other retail establishments including Walmart, Food Lion, Chick-fil-A, McDonald's, and more, ensuring high traffic and customer accessibility. This is a single-tenant, absolute NNN lease with a strong guarantor, Guernsey Holdings ZRC Opco, LLC, currently operating 20 locations. The 20-year lease commenced February 29, 2024, and expires April 30, 2044, with four, five-year renewal options. Rent increases are the lesser of 10% or CPI every five years, providing a strong hedge against inflation. The property features a 6.25% cap rate based on a Net Operating Income (NOI) of $269,471 and an asking price of $4,312,000. The tenant, a Zaxby's franchisee, plans a large-scale remodel within the next 24 months, demonstrating a significant long-term commitment. Built in 2006 and renovated in 2026, this Class B property offers a passive investment opportunity with minimal landlord responsibilities. The property's strong sales and healthy rent-to-sales ratio, coupled with the tenant's planned remodel, make this a compelling investment prospect. The current occupancy is 100%.

Highlights

  • Passive investment opportunity: 20-year, absolute NNN lease with zero landlord responsibilities.
  • Lease backed by Guernsey Holdings ZRC Opco, LLC, operating 20 locations.
  • High net-worth tenant; details available upon request.
  • Strong sales and healthy rent-to-sales ratio; details available upon request.
  • Tenant committed to long-term occupancy, planning a major exterior remodel within 24 months; details available upon request.
  • 7.25% cap rate (at list price), $6.2M guaranteed income over base term; CPI or 10% rent increases every 5 years.

Property Details for 2030 Mccrays Mill Rd

Property type
Retail properties, Restaurants
Square Feet
2,460 SF
Class
B
Year Built/Renovated
2006/2026
Buildings
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Sumter
County
Sumter
State
South Carolina
Latitude
33.9035796
Longitude
-80.3811316
2030 Mccrays Mill Rd, Sumter, South Carolina

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2030 Mccrays Mill Rd
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