2030 Mccrays Mill Rd Sumter, SC 29154

Property Details for 2030 Mccrays Mill Rd

Year built

2006

Lot size

1.00 lot acres

Property size

2,460 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,460 square foot Zaxby's restaurant located at 2030 McCrays Mill Rd, Sumter, SC 29154. The property sits on a one-acre lot with 53 parking spaces and boasts excellent visibility from McCrays Mill Rd, which sees approximately 14,100 vehicles per day. The property is strategically located near Sumter High School (2,306 students) and numerous other retail establishments including Walmart, Food Lion, Chick-fil-A, McDonald's, and more, ensuring high traffic and customer accessibility. This is a single-tenant, absolute NNN lease with a strong guarantor, Guernsey Holdings ZRC Opco, LLC, currently operating 20 locations. The 20-year lease commenced February 29, 2024, and expires April 30, 2044, with four, five-year renewal options. Rent increases are the lesser of 10% or CPI every five years, providing a strong hedge against inflation. The property features a 6.25% cap rate based on a Net Operating Income (NOI) of $269,471 and an asking price of $4,312,000. The tenant, a Zaxby's franchisee, plans a large-scale remodel within the next 24 months, demonstrating a significant long-term commitment. Built in 2006 and renovated in 2026, this Class B property offers a passive investment opportunity with minimal landlord responsibilities. The property's strong sales and healthy rent-to-sales ratio, coupled with the tenant's planned remodel, make this a compelling investment prospect. The current occupancy is 100%.

Location Insight

City

Sumter

County

Sumter

State

South Carolina

Longitude

-80.3811

Latitude

33.9036