4010 Palmetto St Florence, SC 29506

This exceptional investment opportunity presents a fee-simple Wendy's franchise location in Florence, South Carolina, boasting a new 20-year absolute triple-net (NNN) lease commencing September 16, 2024, and expiring September 29, 2044, with two 5-year renewal options. The property, built in 1996 and renovated in 2025, encompasses 2,058 square feet on a 1.39-acre lot. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $101,000 annually, representing a 5.75% cap rate. The lease includes a favorable 2% annual rent increase, minimizing landlord responsibilities and ensuring consistent income growth. Strategically located at 4010 E Palmetto St, Florence, SC 29506, this high-visibility site benefits from a prominent position on a major commuter thoroughfare with high daily traffic volume (E. Palmetto St: 20,600 VPD; Freedom Blvd: 7,900 VPD). The property's proximity to significant retail establishments, including Food Lion, Bojangles, Burger King, Circle K, and O'Reilly Auto Parts, further enhances its appeal. Its location near major medical facilities, such as McLeod Medical Park Pavilion and MUSC Health Florence Medical Center, contributes to a robust and growing local economy. Florence's strong economic health, with an employment rate exceeding 97.4%, underscores the investment's stability and potential for long-term appreciation. The property is situated directly in front of a 106-home residential community, providing a built-in customer base. This Wendy's location, part of a top-5 US quick-service restaurant chain, offers a compelling combination of strong brand recognition, secure lease terms, and a prime location within a thriving market. The asking price is $1,757,000.