12328 Sc-56, Clinton, SC 29325

Property Details for 12328 Sc-56

Year built

1984

Lot size

1.33 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents the chance to acquire a leased fee interest (land ownership) in a Hardee's/Carl's Jr. fast-food restaurant located in Clinton, South Carolina, within the Greenville MSA. The property boasts a 3,189 square foot building constructed in 1984 on a 1.33-acre lot, featuring 45 parking spaces and a convenient drive-thru. The current lease, an absolute NNN agreement with a corporate guarantee from Hardee's Restaurant LLC, has a remaining term of 4.5 years, with two 5-year renewal options. The lease commenced on December 31, 1983, and is set to expire on May 31, 2029. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $68,000, resulting in a 6.00% cap rate. The asking price is $1,133,000, translating to $355.28 per square foot. The property is zoned for General Commercial District (C-3) and benefits from its strategic location near Interstate 26 on/off ramps and State Highway 56, ensuring high visibility and accessibility. The property's strong location, coupled with the long-term lease and corporate guarantee, makes this a low-maintenance, high-return investment opportunity. The lease includes CPI increases at the beginning of each option period, providing inflation protection and steady NOI growth. The property is situated in a trade area with over 12,000 residents and an average household income of $67,675, and enjoys limited competition from other quick-service restaurants.

Location Insight

City

Clinton

County

Laurens

State

South Carolina

Longitude

-81.8611

Latitude

34.5021