5306 Sunset Blvd Lexington, SC 29072

Property Details for 5306 Sunset Blvd

Year built

2023

Lot size

0.89 lot acres

Property size

2,700 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,700 square foot Habit Burger Grill located at 5306 Sunset Blvd, Lexington, SC 29072. The property boasts a 15-year absolute NNN lease (commencing December 1, 2023 and expiring November 30, 2038) with a corporate guarantee from The Habit Restaurants LLC, a company with over 330 locations and over $466 million in revenue. The lease includes 10% rental increases every five years after year 10, ensuring consistent income growth. The property sits on a 0.89-acre lot and was newly constructed in 2023, featuring a dedicated drive-thru. With a strong NOI of $154,000 and a 5.50% cap rate, this offering presents a compelling investment opportunity. The location is highly desirable, situated adjacent to Lexington Marketplace, an upscale shopping center anchored by The Fresh Market and Hobby Lobby, and enjoys excellent visibility and access to 41,700 vehicles daily along US Route 378/Sunset Boulevard. The surrounding area includes numerous national retailers such as Walmart, Target, Home Depot, Lowe's, Kohl's, Publix, and ALDI, further enhancing the property's value. The property benefits from a strong demographic profile, with a high average household income ($129,860) within a one-mile radius and significant population growth projected over the next five years. The proximity to Downtown Lexington, Downtown Columbia, and Lake Murray adds to its appeal. This is a turnkey investment ideal for a 1031 exchange. Asking price: $2,800,000.

Location Insight

City

Lexington

County

Lexington

State

South Carolina

Longitude

-81.2064

Latitude

34.0038