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33253210
33253211

704 West Wade Hampton Boulevard, Greer, SC 29651 For Sale

DM
SC 140398, NC 350279
Brisky Net Lease
Listed by Brisky Net Lease
$2,622,857
46 days on market
Updated 37 days ago

Applebee's | Greer, SC

Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,960
Cap Rate 7%
NOI $183,600
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options Four 5-Year
Price per SqFt $662
Year Built 1999
Acreage 1.060
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/30/2024
Ground Lease No

NNN Applebee's in Rapidly Growing SC Market

Investment highlights

Strong Tenant with Long-Term NNN Lease -

Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai.

Rapidly Growing Market -

Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States.

Excellent Visibility & Accessibility -

Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville.

High-Traffic Retail Corridor -

Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day.

Strong Surrounding Demographics -

A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000.

Low Vacancy Submarket -

The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar.

Experienced Multi-Unit Franchisee -

Operated by Legacy Apple, a long-standing Applebee’s franchisee with a multi-state portfolio and decades of experience operating and expanding Applebee’s restaurants throughout the Midwest and Southeast.

Listing Contacts

DM
SC 140398, NC 350279
Brisky Net Lease
Listed by Brisky Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$183,600.00
$15,300.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
SC License #: 108250
Brokerage
Bang Realty-South Carolina Inc
Title
Broker of Record
Name
David Meyer
License
140398
Brokerage
Brisky Net Lease
Title
Asociate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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