Listed by Spencer/Hines Properties Spartanburg, Spencer/Hines Properties
$1,200,000
1020 Powdersville Road
Details
APN 5038-06-47-1948
Property Type Land, Retail
Sub Type Commercial, Restaurant
Square Footage 9,000
Acreage 7.480
Land | 7.48 acres
Marketing description
•7.48± acres on Powdersville Road ripe for development!
•Growing corridor with newly built medical and dental offices.
•312’± road frontage.
•Excellent location for compatible retail, additional medical/dental offices or flex space.
•Property includes a 9,000± sq .ft. full service restaurant on a Net, Net, Net lease. Tenant responsible for taxes, insurance & maintenance. Landlord responsible for roof.
NOI approximately $66,000 per year.
•Pickens County Tax Map # 5038-06-47-1948
•Tremendous growth area & currently no zoning.
•Traffic Count: 11,000± vehicles per day.
Investment highlights
- 9,000+/- sq. ft. full service restaurant on Powdersville Road in Easley.
- Unzoned – Pickens County
- Situated on 7.48 ± acres – room to Expand, room to develop another parcel!
- New 5 year Triple Net Lease with escalations
- Tenant in process of full renovations to include new kitchen equipment & new dining area.
- Annual Net Operating Income:
- Year 1: $60,000
- Year 2: $60,000
- Year 3: $66,000
- Year 4: $66,000
- Year 5: $72,000
- Tremendous growth area
- Minimum Landlord obligation.
- Landlord responsible for roof. Tenant responsible for taxes, insurance & maintenance
Listing Contacts
Listed by Spencer/Hines Properties Spartanburg, Spencer/Hines Properties
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