Property profile

313 Spg Hwy Union, SC 29379

OFF-MARKET
Retail properties & Spaces
1,550 SF 1.27 ac lot Built 2021
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 1,550 SF
Lot 1.27 ac (55,321 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

313 Spg Hwy Union, SC 29379
Union metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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