For Sale
$3,945,000

1236 4Th StHartsville, SC 29550

SC Zaxby's: Strong ROI, Long Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,607 square foot Zaxby's restaurant located at 1236 South 4th Street, Hartsville, South Carolina, 29550. The property sits on a 0.99-acre lot and includes 47 parking spaces. Currently operating under a 20-year Absolute NNN lease commencing April 8th, 2024, and expiring April 30th, 2044, this investment offers a remaining lease term of 19.5 years. The lease includes rent bumps of the lesser of 10% or CPI every five years, providing a strong hedge against inflation. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $246,575, with a current occupancy of 100%. Built in 2005 and slated for renovations in 2026, the Class B building is an outparcel to a Walmart Supercenter-anchored shopping center, benefiting from high visibility on South 4th Street (approx. 14,000 vehicles per day) and proximity to other national retailers including McDonald's, Wendy's, and more. The tenant, a Zaxby's franchisee, demonstrates above-average sales performance, further enhancing the investment's appeal. Four, five-year lease options are included. This is a passive investment with zero landlord responsibilities, backed by a strong guarantor. The property's location within a thriving retail corridor and the long-term lease with a successful tenant make this a compelling investment opportunity.

Highlights

  • $3,945,000 asking price for a 2,607 square foot retail property.
  • Absolute NNN net lease with a 20-year term commencing April 8, 2024, and expiring April 30, 2044.
  • 100% occupancy with a 6.25% cap rate and $246,575 NOI.
  • Zaxby's franchisee tenant with a strong guarantor, Guernsey Holdings ZRC Opco, LLC.
  • Rent increases are the lesser of 10% or CPI every 5 years.
  • Located in a Walmart Supercenter-anchored shopping center in Hartsville, SC, with high visibility and traffic.

Property Details for 1236 4Th St

Property type
Retail properties, Restaurants
Square Feet
2,607 SF
Class
B
Year Built/Renovated
2005/2026
Buildings
1
Lot Size (sq. ft)
43,124 SF
Units
1

Location Insight

City
Hartsville
County
Darlington
State
South Carolina
Latitude
34.3583352
Longitude
-80.0609358
1236 4Th St, Hartsville, South Carolina

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1236 4Th St
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