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Property profile & analytics
FOR SALE
Turn key restaurants

1020 Powdersville Rd Easley, SC 29642

9,000 SF 7.48 ac lot Built 1987
Entity Owned Absentee Owner Free & Clear
Property ID
US77-0919804
Property summary
AI-generated overview

This exceptional 9,000 square foot full-service restaurant is situated on a sizable 7.48-acre lot at 1020 Powdersville Road in Easley, South Carolina, zip code 29640. The property is unzoned, offering significant development potential, including the possibility of expanding the existing restaurant or developing an additional parcel on the land. Currently operating under a new five-year Triple Net Lease, the tenant is undertaking extensive renovations, encompassing a complete kitchen equipment upgrade and a refreshed dining area. This presents a strong investment opportunity with a projected annual net operating income steadily increasing over the lease term: Year 1 and 2 at $60,000, Year 3 and 4 at $66,000, and Year 5 at $72,000. The landlord's responsibilities are limited to roof maintenance, while the tenant covers taxes, insurance, and building maintenance. This property benefits from its location in a high-growth area of Pickens County, making it an attractive investment with minimal landlord obligations and substantial upside potential. The asking price for this turnkey restaurant property is $1,050,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Construction STEEL FRAME
Total area 9,000 SF
Lot 7.48 ac (325,829 SF)
APN 5038-06-47-1948
UPID US77-0919804
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JROCKS Country Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$580k
Owner & transaction history
MCELRATH JEAN H TR
MCELRATH JEAN H TR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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