313 Spg HwyUnion, SC 29379

Property Details for 313 Spg Hwy

Year built

2021

Lot size

1.27 AC

Property size (Sq ft)

1,550 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Union

County

Union

State

South Carolina

Latitude

34.7289

Longitude

-81.6422

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