1721 Sam Rittenberg Blvd, Charleston, SC 29407-4928

This exceptional investment opportunity presents a fee-simple ownership of a freestanding Wendy's restaurant located at 1721 Sam Rittenberg Blvd, Charleston, SC 29407. The property boasts a 2,808 square-foot building on a 0.77-acre lot, featuring a drive-thru and excellent visibility on a highly trafficked thoroughfare. The property benefits from a strong tenant, a Wendy's franchisee, with a 20-year absolute NNN lease commencing November 30, 2024, and expiring November 29, 2044. The lease includes four 5-year renewal options, each with a 7.5% rent increase. The current annual net operating income (NOI) is $155,000, resulting in a 5.00% capitalization rate and a price per square foot of $1,103.99. The property's strategic location is surrounded by numerous national and regional retailers, including Harris Teeter, Total Wine & More, and Office Depot, as well as several large apartment complexes and new residential developments, ensuring a consistent customer base. Built in 1997, this single-story building represents a secure, long-term investment with significant upside potential due to the built-in rent escalations and the strong performance of the Wendy's brand. The property is 100% occupied. This is a single-unit, single-building property.