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30948843
30948844

896 Tiger Blvd, Clemson, SC 29631

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
BB
IL 475.183424
eXp Commercial
Listed by Marcus & Millichap - Chicago Oak Brook, eXp Commercial
$2,611,000
73 days on market
Updated 11 days ago

HipBurger - Clemson, SC (Greenville MSA)

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,134
Cap Rate 6.5%
NOI $169,669
Occupancy 100%
Tenancy Single
Brand/Tenant HipBurger
Lease Type Absolute NNN
Lease Term 10.8
Lease Expiration 04/30/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options One, Ten-Year
Price per SqFt $1,224
Broker Co-Op Yes
Year Built 2010
Year Renovated 2023
Acreage 0.520
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/18/2023
Ground Lease No
Ownership Fee Simple

On the Doorstep of Clemson University (29,000+ Students) | 2.00% Annual Increases | Absolute NNN

Marketing description

Investment highlights

On the Doorstep of Clemson University (29,000+ Student Population)

  • Located at 896 Tiger Boulevard, the property sits at the front door of Clemson University. Clemson University enrolls 29,000+ students and draws millions of visitors annually, creating a built-in, recession-resistant customer base.

  • High-Volume Foot Traffic: Over 92% of students live off-campus, creating a constant flow of pedestrian and vehicular traffic past campus-adjacent storefronts throughout the day and night.

  • Athletic Economic Driver: Home to “Death Valley” (Memorial Stadium), the campus attracts hundreds of thousands of visitors annually. Football game days alone bring a massive influx of spectators who fill local restaurants and retail shops.

  • The subject property is located on stoplight intersection right outside The Cove at Clemson which is a 2022 Construction, luxury 633 bed student housing community. There are 2091 student beds under construction at Clemson University, with 16,400+ student beds total.

Absolute NNN Lease | Zero Landlord Responsibilities | 2.00% Annual Increases

  • Structured as an Absolute Net lease, the tenant is responsible for all expenses including roof, structure, taxes, insurance, and maintenance.

  • Lease features 2% annual increases, compounding return over life of the lease.

  • 7+ years of contractually obligated rent remaining on an original 10-year lease with one 10-year option.

Location Fast Food Advantages: Why this Location Wins

  • Student Lifestyle & Convenience: With a 94.1% first-year retention rate and a rigorous academic environment, the student body prioritizes speed and convenience. Demand for late-night and “between-class” dining is extremely high.

  • Unrivaled Gameday Spikes: The property’s proximity to campus means it captures the peak “pre-game” and “post-game” crowd, where thousands of fans seek quick meals before entering the stadium or heading back to their vehicles.

  • Captive Audience of Faculty & Staff: Beyond students, the university employs over 1,500 full-time instructional faculty and thousands of support staff who require efficient lunch options during the work week.

High-Growth Clemson, SC Market | Explosive Population Trends

  • Clemson market population has grown 25.71% since 2010 and is projected to add an additional 5.31% over the next 5 years - significantly outpacing national averages.

  • Median age of 30.3 years (vs. 39.5 national average) signals a young, growing, consumer-spending population driven by Clemson University’s student and faculty base.

  • Clemson University has highest endowment of South Carolina colleges at $1.03B+ and Clemson, SC has over 1 million square footage of property under construction as of Q1 2026 (Costar).

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
BB
IL 475.183424
eXp Commercial
Listed by Marcus & Millichap - Chicago Oak Brook, eXp Commercial

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$169,669.00
$14,139.08/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Ben Yelm
License
86628
Brokerage
Marcus & Millichap
Title
Broker of Record
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