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    1211 Bypass 25 Greenwood, SC 29649

    Sponsored
    For Sale
    $2,138,100

    High-Visibility QSR in SC

    Property size:
    2,145 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity features a 2,145 square foot Popeyes restaurant with a drive-thru, situated on a 0.96-acre lot in Greenwood, South Carolina. Built in 2019, the property boasts a 20-year absolute NNN lease with a franchisee tenant, offering significant long-term stability. The lease commenced December 26, 2019, and expires December 25, 2039, with over 15 years remaining on the initial term and four 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property enjoys exceptional visibility and accessibility, located on Bypass 25 NE, a major thoroughfare with high traffic counts, and benefits from proximity to numerous national retailers including McDonald's, Burger King, CVS, and others. The property's strong location, coupled with the established Popeyes brand and the favorable lease terms, presents a compelling investment opportunity with a 6.00% cap rate and a current NOI of $128,287. The asking price is $2,138,100, translating to $996.78 per square foot. This fee-simple ownership allows for depreciation benefits. The property is a single-story building with excellent access and visibility in a thriving retail corridor. Nearby residential developments further enhance the long-term prospects of this investment.

    Property Features for 1211 Bypass 25

    General Information

    Property type
    Restaurants
    Square Feet
    2,145 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Experienced Popeyes franchisee operator.
    • Absolute NNN lease; no landlord responsibilities.
    • Drive‑thru available.
    • 10% rent increases every five years.
    • Situated on a major retail thoroughfare.
    • High visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Food Market Accounting Firm HVAC Service Grocery Store Bar & Pub Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1486061
    Latitude
    34.2101814

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    FAQs

    What type of property is this?
    Restaurant - High-Visibility QSR in SC
    Where is this restaurant located?
    The property is located at 1211 Bypass 25 Greenwood, SC.
    What is the asking price?
    The asking price for this property is $2,138,100.
    What are key features of this property?
    This property features: Experienced Popeyes franchisee operator.; Absolute NNN lease; no landlord responsibilities.; Drive-thru available.
    Request Owner's contact information
    1211 Bypass 25 Greenwood, SC 29649
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    Greenwood, SC 29649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1211 Bypass 25 Greenwood, SC 29649
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