313 Spg Hwy Union, SC 29379
- Retail properties
- 1,550 SF
- 1.27 lot acres
Current Use by Public Records
- Retail properties
Property Details for 313 Spg Hwy
- Year built
- 2021
- Lot size
- 1.27 lot acres
- Property size
- 1,550 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 1,550-square-foot Arby's restaurant located at 313 Buffalo-West Springs Hwy, Union, SC 29379. The property boasts a strong 5.75% cap rate, generating a substantial $156,000 NOI. This absolute NNN net lease features a franchisee tenant with a remaining lease term of 16.7 years, expiring July 31, 2041, and includes rent bumps of 8% every 5 years. The property sits on a 1.27-acre lot with 47 parking spaces and is strategically positioned as an outparcel to a Walmart Supercenter shopping center, benefiting from significant traffic and visibility. The location is further enhanced by its proximity to a major intersection (Buffalo Springs Hwy & Meansville Rd), a new residential development (Buffalo Creek, 274 homes), and a substantial concentration of retail and industrial space within a two-mile radius (1.1M SF retail and 1.3M SF industrial). Nearby amenities include Union Medical Center, Union County High School, and numerous national retailers such as Tractor Supply, Harbor Freight Tools, CVS, McDonald's, Starbucks, and more. This is a rare opportunity to acquire a well-performing, low-maintenance, and long-term net lease investment in a thriving South Carolina market. The building was constructed in 2021. Lease options of 4 and 5 years are available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Union
- County
- Union
- State
- South Carolina
- Longitude
- -81.6422
- Latitude
- 34.7289
