Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 4395 Sc-24
- Year built
- 2019
- Lot size
- 1.09 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a Burger King restaurant located at 4395 SC-24, Anderson, South Carolina, 29626. The property boasts a 2,720 square foot building on a 1.092-acre lot, constructed in 2019. Currently operating under a 100% occupied, absolute triple-net (NNN) lease with a remaining term of 15 years, expiring December 1, 2039. The lease features four, five-year renewal options with a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $156,388, representing a 5.65% cap rate on the asking price of $2,767,929. Situated along the I-85 corridor, this location benefits from high visibility and traffic volume on State Highway 24 (over 12,000 vehicles per day). Its proximity to Clemson University (12 minutes away) and a thriving manufacturing sector (Michelin, Bosch, Electrolux) further enhances its investment appeal. This is a prime opportunity to acquire a well-performing, long-term net lease property in a high-growth area. The property is considered the #1 ranked Burger King in South Carolina according to AlphaMap.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.7593
- Latitude
- 34.5108
