For Sale
$1,050,000

1020 Powdersville RdEasley, SC 29640

9,000 SF Restaurant, 7.48 Acres

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 9,000 square foot full-service restaurant is situated on a sizable 7.48-acre lot at 1020 Powdersville Road in Easley, South Carolina, zip code 29640. The property is unzoned, offering significant development potential, including the possibility of expanding the existing restaurant or developing an additional parcel on the land. Currently operating under a new five-year Triple Net Lease, the tenant is undertaking extensive renovations, encompassing a complete kitchen equipment upgrade and a refreshed dining area. This presents a strong investment opportunity with a projected annual net operating income steadily increasing over the lease term: Year 1 and 2 at $60,000, Year 3 and 4 at $66,000, and Year 5 at $72,000. The landlord's responsibilities are limited to roof maintenance, while the tenant covers taxes, insurance, and building maintenance. This property benefits from its location in a high-growth area of Pickens County, making it an attractive investment with minimal landlord obligations and substantial upside potential. The asking price for this turnkey restaurant property is $1,050,000.

Highlights

  • 9,000+/- SF full-service restaurant on Powdersville Rd, Easley.
  • Unzoned, Pickens County.
  • 7.48± acre lot; expansion and development potential.
  • New 5-year Triple Net (NNN) lease with rent escalations.
  • Tenant completing renovations including new kitchen and dining area.
  • Annual NOI: Year 1-2: $60,000; Year 3-4: $66,000; Year 5: $72,000.

Property Details for 1020 Powdersville Rd

Property type
Retail properties, Restaurants
Square Feet
9,000 SF
Lot Size (sq. ft)
325,829 SF

Location Insight

City
Easley
County
Pickens
State
South Carolina
Latitude
34.8135528
Longitude
-82.5517713
1020 Powdersville Rd, Easley, South Carolina

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1020 Powdersville Rd
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