1008 Montague Ave, Greenwood, SC 29649-1450
- Drive through restaurants
- 3,051 SF
- 0.68 lot acres
Current Use by Public Records
- North American Title Loans / Loan Service
Property Details for 1008 Montague Ave
- Year built
- 1999
- Lot size
- 0.68 lot acres
- Property type
- Drive through restaurants
- APN
- 6846-433-698
- APU
- 6846433698
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 7, 2025 | $830,000 | Mohtej Investments LLC | Zig South Carolina LLC | Deed | $542k · Srp FCU |
| Mar 9, 2021 | — | Roanoke Holdings LLC | — | Deed · related | $4.7M · Fairview Investment Fund V LP |
| — | — | Roanoke Holdings LLC | — | Deed Of Trust · related | $194k · Collier Financial Services LLC |
| — | — | Roanoke Holdings LLC | — | Deed Of Trust · related | $6.6M · Rbc Bank (usa) |
| — | — | Roanoke Holdings LLC | — | Deed Of Trust · related | $3.3M · Branch Banking & Trust Co |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,051 square foot convenience store/QSR/Storefront located at 1008 Montague Ave, Greenwood, SC 29649, on a 0.68-acre lot. The property is currently 100% occupied under a 20-year triple-net (NNN) lease with a corporate guarantor, offering significant passive income potential. The lease features a 6.75% cap rate based on a current Net Operating Income (NOI) of $57,799, with built-in 3% annual rent increases. This translates to a projected 7.60% cap rate after five years. The tenant, a national company with over 425 locations across 20 states, is responsible for all operating expenses, including property taxes, insurance, and maintenance, eliminating landlord responsibilities beyond collecting rent. This presents a rare opportunity to acquire a long-term, stable, and high-return investment with minimal management requirements. The asking price is $856,296. This is a truly passive income investment with a strong tenant and a proven track record. The property's location in Greenwood, South Carolina, offers excellent visibility and accessibility. The long-term lease and built-in rent increases provide predictable cash flow and significant appreciation potential. This is an ideal investment for those seeking a low-maintenance, high-yield asset with substantial long-term growth prospects.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Greenwood
- State
- South Carolina
- Longitude
- -82.1765
- Latitude
- 34.2107
- CBSA code
- 24940
- CBSA name
- GREENWOOD, SC MICROPOLITAN STATISTICAL AREA
