Wendy’s | Absolute NNN | 17.5 Years | Charleston MSA

$ 2,200,000
101 Red Bank Rd, ,
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Overview

  • Updated On:
  • December 29, 2021
  • 2,310.00 ft2

Description

  • Closed at 4.82% Cap Rate | $80,000 over list price with favorable terms to the seller
  • Absolute NNN Lease with Zero Landlord Responsibilities | 17.5 Years Remaining on Base Term
  • Building Recently Renovated in 2020 | Strong Guarantee by One of Nation’s Largest Wendy’s Franchisees
  • 7% Rent Escalation Every 5 Years, Including Option Periods
  • Four, 5-Year Options to Renew
  • Located at Y Intersection, Exposed to Approximately 54,800 VPD via S Goose Creek Boulevard and 23,100 VPD via Red Bank Road
Address: 101 Red Bank Rd
State/County:
Zip: 29445
Country: United States
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Property Id : 19858
Price: $ 2,200,000
Property Size: 2,310.00 ft2
Property Lot Size: 1.00 ft2
Cap Rate: 4.82%
Rentable Area: 2,310 SF
Lot Size: 1.03 AC
Year Built: 1983/2020

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Ani Paulson

Team Lead | Investment Specialist
Ani Paulson based in Charleston, SC, focuses on the analysis and disposition of office/ind ...

Pearce Vogler, CPA

Investment Specialist

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Pearce Vogler, CPA