297 Lancaster E Byp Lancaster, SC 29720-4757
Property profile & analytics
297 Lancaster E Byp, Lancaster, SC 29720-4757
- Drive through restaurants
- 3,509 SF
- 257.00 lot acres
Property ID
US77-1002282
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hardee's / Restaurant / Take-out & Catering
Property Details for 297 Lancaster E Byp
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 257.00 lot acres
- Zone code
- CITY
- Property type
- Drive through restaurants
- APN
- 0068A-0A-001.00
- APU
- 0068A0A00100
Description
This exceptional investment opportunity presents a fee-simple ownership of a Hardee's restaurant located at 297 Lancaster Bypass E, Lancaster, SC 29720. The property boasts a 3,472 square foot building situated on a 1.28-acre lot. The property benefits from a highly visible location at the signalized intersection of Clinton Avenue and Lancaster Bypass East (US Route 521), a primary commercial and commuter corridor with over 29,100 vehicles passing daily. The Hardee's lease is an absolute NNN, corporate-guaranteed lease with zero landlord responsibilities, offering significant passive income potential. The current lease commenced February 7, 2012, and expires February 28, 2032, with a remaining term of 7.3 years followed by four 5-year renewal options. Rent increases are structured with a 10% bump every five years, providing a hedge against inflation. The property's strong location is supported by a robust retail environment, including nearby national retailers like Walmart, CVS, and numerous restaurants. The surrounding area has a high population density, with over 18,400 people within a 3-mile radius and an average household income exceeding $66,918. The property's current Net Operating Income (NOI) is $151,322, yielding a 7.00% cap rate, making it an attractive investment for passive investors seeking strong returns and long-term stability. The asking price is $2,161,742. This single-tenant, single-story building offers a secure and profitable investment opportunity in a thriving South Carolina market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,770,000
- ML approach
- $1,880,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- South Carolina
- Longitude
- -80.7692
- Latitude
- 34.7343
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,568
$67,812
$59,100
$126,912
-
$1,130,200
$985,000
$2,115,200
