Listing Agency: Graham Realty, Inc

Listed By: Jeffrey Graham · License #754500306 Show Phone

Source: Exprealty

Added: Jul 9 Changed: Oct 13 Last Checked: Oct 21 at 2:40AM

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Investment Insights

Based on property information with market context.

HWY 1 Cafe is a 2,058-square-foot restaurant property that has been recently and extensively remodeled to support a clean, functional dining operation. The sale includes the business and a fully equipped commercial kitchen with major restaurant equipment conveying.

The property sits on highly visible U.S. Highway 1 in Cassatt, SC, with roadside visibility and on-site parking. Important infrastructure updates have been completed, including new plumbing, updated HVAC, and new septic systems.

The restaurant is currently temporarily closed, and the seller is willing to provide training and transition support to help a new owner get started.

Key Highlights

• 2,058 SF commercial restaurant building on highly visible U.S. Highway 1 in Cassatt, SC
• Recently and extensively remodeled interior for a clean, functional dining and service setting
• Sale includes the business plus a fully equipped commercial kitchen and major restaurant equipment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,127

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,540 $502.5K

Cap Rate 7%

$358,957 $359.0K

Cap Rate 9%

$279,189 $279.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,058 SF

Gross rent

$37.8K $18.36/SF

− Vacancy

−$1.9K −$0.92/SF

EGI

$35.9K $17.44/SF

− OpEx

−$10.8K −$5.23/SF

NOI

$25.1K $12.21/SF

Area

Kershaw County, SC

Vacancy

5.00%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,540

Cap Rate 7%

$358,957

Cap Rate 9%

$279,189

Alternative Uses

Best Use

Specialty Retail

$475.1K

$415.7K – $554.3K (±1% cap)

NOI $33,256 @ 7.0% cap · market cap 11.27%

Second Best

Industrial

$359.0K

$314.1K – $418.8K (±1% cap)

NOI $25,127 @ 7.0% cap · market cap 8.52%

Theoretical Best

Office A

$506.8K

$443.4K – $591.2K (±1% cap)

NOI $35,473 @ 7.0% cap · market cap 12.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Big Box & Wholesale Store Buffet Hotel & Motel Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,888 visits/mo 0.2 miles

Demographics for 29032, SC

4,379

Population

2,202

Households

2

Avg Household Size

42

Median Age

10%

College-Educated

83%

High-School Grad

78.9 sq mi

ZIP Area

56

Density / Sq Mi

$56,447

Median Household Income

$42,766

Median Earnings

$824

Median Rent

$97,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar Off Market Nearby

• Hwy 1 Cafe — 2587 US-1, Cassatt, SC 29032

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Recently remodeled restaurant building on highly visible U.S. Highway 1, including fully equipped commercial kitchen and included major equipment.

Where is this conventional restaurant located?

The property is located at 2587 Highway 1 N Cassatt, SC.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 2,058 SF commercial restaurant building on highly visible U.S. Highway 1 in Cassatt, SC; Recently and extensively remodeled interior for a clean, functional dining and service setting; Sale includes the business plus a fully equipped commercial kitchen and major restaurant equipment