973 Chesterfield Hwy Cheraw, SC 29520

This exceptional investment opportunity presents the chance to acquire Coach's Cheraw, a well-established restaurant located at 973 Chesterfield Hwy, Cheraw, SC 29520. The property encompasses 4,950 square feet on a 1.62-acre lot and is currently operating under a Net Lease (NNN) agreement with a remaining term of approximately 1.6 years. The lease commenced July 1, 2021, and expires June 30, 2026, with two 5-year renewal options and a 3% annual rent increase. The current asking price is $1,075,045, reflecting a price per square foot of $217.18 and a compelling 6.75% capitalization rate based on a Net Operating Income (NOI) of $72,565. The tenant has no credit rating. The property boasts a prime location in a high-traffic area of Cheraw, surrounded by thriving businesses, ensuring consistent customer flow. The restaurant itself is known for its excellent food and welcoming atmosphere, establishing a strong reputation within the community. The well-maintained building includes a fully equipped kitchen, a spacious dining area, a bar, and ample parking. This turnkey operation offers a unique blend of established success and significant growth potential. The property's strong financials, desirable location, and existing tenant base make it an attractive investment for discerning buyers seeking a stable and profitable addition to their portfolio.