1329 Wade Hampton Blvd Greer, SC 29650-1122

Property Details for 1329 Wade Hampton Blvd

Year built

1988

Lot size

0.75 lot acres

Zone code

C-3

Property type

Drive through restaurants

APN

T014.00-02-001.02

APU

T014000200102

Description

This exceptional investment opportunity presents a 2,500 square foot, single-tenant KFC restaurant located at 1329 W Wade Hampton Blvd, Greer, SC 29650. The property boasts a strong 20-year absolute NNN lease with a franchisee tenant, JRN, Inc., the 3rd largest KFC franchisee, with 4 years remaining and 4-5 year renewal options. The lease includes 1.75% annual rent bumps. Built in 2009 and recently renovated (2021/2023) with a new roof and HVAC units, the property features 55 parking spaces on a 0.75-acre lot. The property enjoys a 100% occupancy rate, generating a substantial NOI of $130,630 and a 6.50% cap rate. The asking price is $2,010,000 ($804/sq ft). This location benefits from high visibility on a major thoroughfare (over 47,000 vehicles per day) and proximity to other established retailers. The strong demographics, including over 108,000 residents within a 5-mile radius and an average household income exceeding $99,131, contribute to the property's exceptional performance. The location's annual sales significantly surpass the national KFC average, exceeding $1.8 million in 2023. This is a passive investment opportunity with a highly reputable tenant and a proven track record of success in a rapidly growing market. The Greenville area's economic strength is further enhanced by the presence of major employers such as BMW, Michelin, and others. This is a rare opportunity to acquire a high-performing, low-maintenance, net-leased property with significant upside potential.

Location Insight

City

Greer

County

Greenville

State

South Carolina

Longitude

-82.2616

Latitude

34.9405

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments