1236 4Th StHartsville, SC 29550

Property Details for 1236 4Th St

Lot size

0.99 AC

Property type

Land

Property subtype

Commercial land

APN

056-00-01-137.A

APU

0560001137A

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,415,372

  Hospitality

  $8,624,430

  Educational

  $7,175,424

  Medical

  $7,422,198

  Retail

  $11,161,772

Location Insight

City

Hartsville

County

Darlington

State

South Carolina

Latitude

34.3583

Longitude

-80.061

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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