7942 Garners Fry Rd Columbia, SC 29209-4738

Property Details for 7942 Garners Fry Rd

Year built

1993

Construction

FRAME

Lot size

1.19 lot acres

Property size

3,389 SF

Zone code

GC

Property type

Commercial real estate

APN

R19105-01-05

APU

R191050105

Description

This exceptional investment opportunity features a Hardee's restaurant operating under a 15-year absolute NNN ground lease, expiring October 31, 2035, with 10.9 years remaining. The property boasts a 3,389 square foot building situated on a 1.19-acre lot in Columbia, South Carolina, at 7942 Garners Ferry Rd, zip code 29209, Richland County. Built in 1993 and extensively renovated in 2020, the Class A property benefits from a corporate guarantee and requires zero landlord responsibility. The lease includes three 5-year options, with a built-in 7.5% rent increase every fifth year throughout the base term and all options. The property generates a strong net operating income (NOI) of $90,500, resulting in an attractive 5.50% capitalization rate. The asking price is $1,645,454. This single-tenant, fast-food (QSR) property presents a compelling investment opportunity due to its strong tenant, long-term lease, and built-in rent escalations. The property's location and the tenant's financial strength contribute to its low-risk profile and high potential for return. The property's parcel number is 19105-01-05.