7713 Garners Fry Rd Columbia, SC 29209-3813

Property Details for 7713 Garners Fry Rd

Year built

2004

Construction

FRAME

Lot size

1.04 lot acres

Property size

3,356 SF

Zone code

GC

Property type

Commercial real estate

APN

R16314-03-19

APU

R163140319

Description

This exceptional investment opportunity presents a 3,356 square foot Zaxby's restaurant located at 7713 Garners Ferry Rd, Columbia, SC 29209. The property sits on a 1.04-acre lot with 44 parking spaces and benefits from a prominent location in a Walmart Supercenter-anchored shopping center, alongside other national retailers such as McDonald's, Wendy's, and more. The property boasts excellent visibility and accessibility from Garners Ferry Rd, a high-traffic thoroughfare with approximately 30,800 vehicles per day. This single-tenant, absolute NNN lease offers a secure, passive investment with minimal landlord responsibilities. The 20-year lease commenced February 29, 2024, and includes four, five-year renewal options. Rent increases are the lesser of 10% or CPI every five years, providing a strong hedge against inflation. The current lease term is 19.5 years, with a lease expiration date of April 29, 2044. The property features a 6.25% cap rate based on a Net Operating Income (NOI) of $246,636 and an asking price of $3,946,000. The tenant, a Zaxby's franchisee, is backed by Guernsey Holdings ZRC Opco, LLC, and has plans for a significant exterior remodel within the next 24 months, demonstrating a long-term commitment to the location. The Zaxby's location significantly outperforms the national average in sales, nearly 25% higher. The property was built in 2004 and is classified as Class B. This is a rare opportunity to acquire a high-performing, long-term NNN lease investment with substantial upside potential. The property is currently 100% occupied.