Published on: Friday, August 16, 2024
Updated on: Friday, August 16, 2024
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About the Lister
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Name: Eric Vu
Company: Anchor Point Capital
Office Phone:  949.667.1077
Cell Phone:  949.667.1077
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  Applebee’s
1617 bypass 72 Northeast Greenwood South Carolina , 29649
1617 bypass 72 Northeast Greenwood South Carolina , 29649Anchor Point Capital
Listing ID: CL-South Carolina-11

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.65
Net Operating Income: $100,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-South Carolina-11
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1993
Building Size: 4,692.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Excellent Single Tenant Investment Opportunity
Complete Details
Year Build: 1993
Building Size: 4,692 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 0%
Full Description
Original 20 Year Lease; Recent 10 Year Lease Extension 10.00% Rent Increase Commencing November 2028 Strong Reported Unit Level Sales; Contact Broker for Details Interior/Exterior Renovations Completed in 2021 Lease Operated by Top Applebee’s Franchisee: Thrive Restaurant Group; 170+ Unit Operator Lease Guaranty from Legacy Apple V, LLC; 27 Locations in South Carolina Small Price Point; Tenant Paying Low Rent PSF Absolute Net; Zero Landlord Responsibilities Fee Simple; Building + Land Ownership Outstanding Location in Greenwood, SC Adjacent to Food Lion; Dominant Grocer with 150+ Locations in South Carolina Daily Traffic Counts Exceeding 24,000 Cars Per Day Situated along the Major Retail Corridor in Greenwood; Surrounding Retailers include; Zaxby’s, Aarons, Taco Bell, Hampton Inn, Sonic, Ollie’s Bargain Outlet #1 Spending within 5 Miles is Food & Alcohol (Per CoStar Consumer Spending Report)
Additional Properties
Property Highlights
  • Original 20 Year Lease; Recent 10 Year Lease Extension
  • Strong Reported Unit Level Sales
  • Absolute NNN Lease; Zero Landlord Responsibilities
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$100,000
$0
0%
Cash Flow for Current Listings
Listing Location
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