1008 Montague Ave Greenwood, SC 29649-1450

Property Details for 1008 Montague Ave

Year built

1999

Lot size

0.68 lot acres

Property size

3,051 SF

Property type

Drive through restaurants

APN

6846-433-698

APU

6846433698

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.