For Sale
$2,713,000

313 Spg HwyUnion, SC 29379

High-yield QSR investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,550-square-foot Arby's restaurant located at 313 Buffalo-West Springs Hwy, Union, SC 29379. The property boasts a strong 5.75% cap rate, generating a substantial $156,000 NOI. This absolute NNN net lease features a franchisee tenant with a remaining lease term of 16.7 years, expiring July 31, 2041, and includes rent bumps of 8% every 5 years. The property sits on a 1.27-acre lot with 47 parking spaces and is strategically positioned as an outparcel to a Walmart Supercenter shopping center, benefiting from significant traffic and visibility. The location is further enhanced by its proximity to a major intersection (Buffalo Springs Hwy & Meansville Rd), a new residential development (Buffalo Creek, 274 homes), and a substantial concentration of retail and industrial space within a two-mile radius (1.1M SF retail and 1.3M SF industrial). Nearby amenities include Union Medical Center, Union County High School, and numerous national retailers such as Tractor Supply, Harbor Freight Tools, CVS, McDonald's, Starbucks, and more. This is a rare opportunity to acquire a well-performing, low-maintenance, and long-term net lease investment in a thriving South Carolina market. The building was constructed in 2021. Lease options of 4 and 5 years are available.

Highlights

  • Outparcel to a Walmart Supercenter.
  • Absolute NNN lease; no landlord responsibilities.
  • 16.5+ years remaining on the lease term.
  • Leased to Brumit Restaurant Group, operating 67+ locations.
  • Located on a signalized corner at Buffalo Springs Hwy & Meansville Rd.
  • Adjacent to Buffalo Creek, a new 274-home development.

Property Details for 313 Spg Hwy

Property type
Retail properties
Square Feet
1,550 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Union
County
Union
State
South Carolina
Latitude
34.7289
Longitude
-81.6421867
313 Spg Hwy, Union, South Carolina

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313 Spg Hwy
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