For Sale
$2,767,929

4395 Sc-24 Anderson, SC 29626

High-growth market, strong NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple ownership of a Burger King restaurant located at 4395 SC-24, Anderson, South Carolina, 29626. The property boasts a 2,720 square foot building on a 1.092-acre lot, constructed in 2019. Currently operating under a 100% occupied, absolute triple-net (NNN) lease with a remaining term of 15 years, expiring December 1, 2039. The lease features four, five-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $156,388, representing a 5.65% cap rate on the asking price of $2,767,929. Situated along the I-85 corridor, this location benefits from high visibility and traffic volume on State Highway 24 (over 12,000 vehicles per day). Its proximity to Clemson University (12 minutes away) and a thriving manufacturing sector (Michelin, Bosch, Electrolux) further enhances its investment appeal. This is a prime opportunity to acquire a well-performing, long-term net lease property in a high-growth area. The property is considered the #1 ranked Burger King in South Carolina according to AlphaMap.

Highlights

  • 15-Year Triple-Net Lease with four, five-year renewal options and 10% rent increases every five years.
  • 10% rent escalations every five years throughout the lease term.
  • 2019-built, fee-simple Burger King; 2,720 sq ft building on a 1.092-acre lot.
  • Strong guarantors: CFH Master Holding, LLC and CEO Bruce Daniels.
  • Top-performing Burger King in South Carolina (AlphaMap).
  • High-traffic location on SC-24 (12,000+ VPD), near I-85 corridor.

Property Details for 4395 Sc-24

Property type
Retail properties
Year Built
2019
Lot Size (sq. ft)
47,568 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.51078833743
Longitude
-82.759339785178

FAQs

What type of property is this?
Retail property - High-growth market, strong NNN lease.
Where is the retail property located?
The property is located at 4395 Sc-24 Anderson, SC.
What is the asking price?
The asking price for this property is $2,767,929.
What are key features of this property?
This property features: 15-Year Triple-Net Lease with four, five-year renewal options and 10% rent increases every five years.; 10% rent escalations every five years throughout the lease term.; 2019-built, fee-simple Burger King; 2,720 sq ft building on a 1.092-acre lot.
How can I contact the broker?
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4395 Sc-24
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