517 Martintown RdNorth Augusta, SC 29841

Property Details for 517 Martintown Rd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.91 AC

Property size (Sq ft)

1,574 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

007-12-13-013

APU

71213013

Description

This exceptional investment opportunity presents a fee-simple, 2,900 square foot Wendy's restaurant located at 517 E Martintown Rd, North Augusta, SC 29841. The property boasts a 20-year absolute NNN lease with a franchisee tenant, commencing December 14, 2024, and expiring December 13, 2044. The lease includes four five-year renewal options and attractive 7.5% rent increases every five years, ensuring consistent income growth. The current asking price is $2,476,190, representing a 5.25% cap rate and a price per square foot of $853.86. The property sits on a 0.91-acre lot and was built in 1975. The strong tenant, operating over 100 units, contributes to the property's high occupancy rate of 100%, with an annual net operating income (NOI) of $130,000. The property benefits from its location within the Augusta, GA Metropolitan Statistical Area, surrounded by numerous apartment complexes and new residential developments, as well as several colleges and universities. This prime location, coupled with the strength of the Wendy's brand and the favorable lease terms, makes this a compelling investment opportunity with significant long-term potential. The property enjoys excellent visibility and high traffic counts exceeding 21,601 vehicles per day. This single-tenant, single-story building offers a secure and stable investment with minimal landlord responsibilities.

Location Insight

City

North Augusta

County

Aiken

State

South Carolina

Latitude

33.4929

Longitude

-81.9548

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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