1325 Dutch Fork RdIrmo, SC 29063

  • Commercial real estate
  • 3,862 SF
For Sale
$3,216,000 View listing

Property Details for 1325 Dutch Fork Rd

Year built
1988
Construction
FRAME
Property size (Sq ft)
3,862 SF
Zone code
GC
Property type
Commercial real estate
APN
R02414-02-24
APU
R024140224

Description

This exceptional investment opportunity presents a newly constructed, 2,900 square foot Zaxby's restaurant in Irmo, South Carolina. Located at 1325 Dutch Fork Rd, 29063, this Class A property sits on a 1.01-acre lot and benefits from a prime location with high visibility. The property features a double drive-thru and is an outparcel to a Food Lion anchored center. The absolute NNN lease with Zaxby's boasts a 20-year term commencing April 1, 2024, and expiring March 31, 2044, leaving a remaining term of approximately 19.4 years. The lease includes 8% rent increases every five years, providing significant long-term growth potential. The current asking price is $3,216,000, representing a price per square foot of $1,108.97 and a 6.25% cap rate based on a current Net Operating Income (NOI) of $201,000. The property is 100% occupied, offering immediate cash flow. This fee-simple ownership presents a secure, passive income stream with a strong, nationally recognized tenant. The building was constructed in 2024, ensuring modern facilities and operational efficiency. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $664,811
    Hospitality
    $608,964
    Educational
    $506,650
    Medical
    $524,075
    Retail
    $788,123

Location Insight

City
Irmo
County
Richland
State
South Carolina
Latitude
34.1241
Longitude
-81.2361
CBSA code
17900
CBSA name
COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,953
-
-
-
-
-
-
$832,800

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