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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Wendy's restaurant located at 1004 Richland Ave W, Aiken, SC 29801. The property features a 2,134 square foot, single-story building constructed in 1976 and renovated in 2018, situated on a 0.78-acre lot. The property boasts a prominent location on a highly trafficked thoroughfare, surrounded by other national and regional retailers, including Sonic, KFC, Food Lion, Subway, Taco Bell, CVS, McDonald's, O'Reilly Auto… Parts, Bank of America, and a Walmart Supercenter. The area also benefits from several new residential developments, including Eastwood Homes at True Cedar, The Islands by D.R. Horton, and Forrest Bluff by Ivey Homes, adding to the strong potential for future growth. The current lease is an absolute NNN lease with a franchisee tenant, commencing November 30, 2024, and extending for a primary term of 20 years. The lease includes four 5-year renewal options, with attractive 7.5% rent bumps every five years. The property's current Net Operating Income (NOI) is $185,000, resulting in a 5.25% cap rate. The asking price is $3,523,809, translating to a price per square foot of $1,651.27. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant long-term potential. The University of South Carolina Aiken, Cambridge College, and Aiken Technical College are also nearby. Nearby shopping centers include Kalmia Plaza, Northside Plaza Shopping Center, Centre South Shopping Center, and Villae at Riverwatch Retail Center.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,134 SF
- Lot area
- 0.78 ac
- Year built
- 1976
- Stories
- 1
- APN
- 104-19-15-007
- Assessed value · 2023
- $41,887
- Annual tax · 2023
- $10,470
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $10,470
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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