HipBurger | Electric City Eye Care - Anderson, SC
Long-Term Leases with 2.00% and 3.00% Annual Increases in Rent | 26,000+ Cars Per Day
Investment highlights
QSR + Medtail | Annual Rental Growth | Drive-Thru
HipBurger has 2% annual increases and Electric City Eye Care has 3% annual increases, further compounding initial 6.50% return.
QSR and healthcare is one of the most durable tenant combinations in retail — both are necessity- based, foot-traffic-generating uses that are highly resistant to e-commerce disruption
Both leases structured as NN with tenants responsible for their proportionate share of expenses, landlord carries minimal operating burden.
Sub-$2.3M Price Point- Multi-Tenant Retail
At $2,297,000, this is one of the lowest-priced fully-occupied multi-tenant retail assets available in the Southeast
Priced at a 6.50% cap rate, this investment offers a meaningful premium over comparable single tenant QSR product with a bonus of a medical recession proof tenant with additional 3% annual rental increases.
Greenville, SC MSA | High-Growth Upstate South Carolina Market
Anderson sits at the southwest border of the Greenville-Anderson-Greer MSA, the largest MSA in South Carolina (1.5M+ Population), also being one of the fastest-growing manufacturing and distribution markets in the country, anchored by BMW, Michelin, and a wave of new industrial investment
5-mile population of subject property is 75,000+ with a daytime population of 43,000+ employees. Dense, working consumer base with consistent everyday spending patterns ideal for QSR and healthcare retail
Anderson, SC is located 30 minutes from Clemson University and 30 minutes from downtown Greenville - benefiting from the economic growth of two rapidly expanding and stable Southeast markets.
Primary Retail Corridor | Strategic Location on E. Greenville Street
1807 E. Greenville Street sits on one of Anderson’s primary retail corridor, seeing 30,000+ vehicles per day
1.13-acre lot with drive-thru provides amble parking, access, and flexibility for uses in the long term future
Location is less than mile from AnMed North Campus with over 340,000 square feet of medical care and 50+ medical departments and less than mile from dominant retailers like McDonald’s, Publix, QuikTrip, Panera Bread, Starbucks, and Chick-Fil-A.
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