Vacant Restaurant with
For Sale
Contact for pricing
147 S Ron McNair Blvd, Lake City, SC 29560
2,819 SF vacant restaurant with drive-thru for sale.
Property Size2,819 SF
Price / SF$301.53
Days on Market875
Property Features for 147 S Ron McNair Blvd
General Information
Standard status
Active
Size
2,819 SF
Property subtype
Retail
Building Details
Buildings
1
Units
1
Listing Agency:
PLC Commercial
Listed By:
Ken Jackson, CCIM · License #15017
(843) 702-9685
Source:
Crexi
Added: Apr 12, 2024
Changed: Aug 23
Last Checked: Sep 1 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PLC Commercial
Investment Insights
Based on property information with market context.
This vacant, approximately 2,819-square-foot QSR (Quick Service Restaurant) is available for sale. It is located at the corner of S Ron McNair Blvd (US-52) and Wilcox St in Lake City, South Carolina. The site features convenient access with two curb cuts along Ron McNair and one along Wilcox St. Traffic counts average approximately 15,000 AADT (Average Annual Daily Traffic). The property includes existing pylon signage, an outdoor patio seating area, and a drive-thru. Lake City is situated roughly halfway between Columbia and Myrtle Beach, South Carolina, and approximately 25 miles south of Florence, South Carolina. Nearby retailers include Burger King, Hardee’s, McDonald’s, Subway, Pizza Hut, Advance Auto, Tractor Supply, T-Mobile, Bojangles, Wendy’s, and Taco Bell. A Dunkin' is also coming soon to the area.
Key Highlights
- Vacant +/-2,819 SF QSR with drive‑thru
- High‑traffic location on corner of S Ron McNair Blvd (US‑52) and Wilcox St (15,000 AADT)
- Convenient access with multiple curb cuts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,340
$569.3K
Cap Rate 7%
$406,671
$406.7K
Cap Rate 9%
$316,300
$316.3K
Market Conditions
NOI Build-Up for 2,819 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $14.04/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$38.0K $13.46/SF
− OpEx
−$9.5K −$3.37/SF
NOI
$28.5K $10.10/SF
Area
Florence County, SC
Vacancy
4.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,340
Cap Rate 7%
$406,671
Cap Rate 9%
$316,300
Alternative Uses
Best Use
Specialty Retail
$406.7K
$355.8K – $474.5K
NOI $28,467 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.6K
$363.7K – $484.9K
NOI $29,092 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
602
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
602 visits/mo
0.4 miles
Demographics for 29560, SC
12,668
Population
6,236
Households
2
Avg Household Size
41
Median Age
19%
College-Educated
86%
High-School Grad
164.9 sq mi
ZIP Area
77
Density / Sq Mi
$45,421
Median Household Income
$31,681
Median Earnings
$702
Median Rent
$108,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - 2,819 SF vacant restaurant with drive-thru for sale.
Where is this drive through restaurant located?
The property is located at 147 S Ron McNair Blvd Lake City, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Vacant +/-2,819 SF QSR with drive‑thru; High‑traffic location on corner of S Ron McNair Blvd (US‑52) and Wilcox St (15,000 AADT); Convenient access with multiple curb cuts
