Absolute NNN Lease Retail Investment Property - $3,000,000.00 - SEMG
18329
post-template-default,single,single-post,postid-18329,single-format-standard,ajax_fade,page_not_loaded,,qode-child-theme-ver-,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.4.2,vc_responsive

Absolute NNN Lease Retail Investment Property – $3,000,000.00

Absolute NNN Lease Retail Investment Property – $3,000,000.00

Brand New Construction. A single-tenant Hardee’s, 20 year absolute NNN lease investment property. Zero landlord responsibilities for this 2,960 SF building with a drive-thru situated on approximately 0.80 acres. Net Operating Income $117,244.00.

EXPLOSIVE GROWTH AREA OF CHARLESTON: Conveniently located at I-526 (68,900 Average Daily Traffic) and Clements Ferry Road (30,000 ADT). 3,252 residential units in the immediate area of the property with 1,634 additional homes to begin construction in 2017.

LONG TERM NNN LEASE WITH OPTION PERIODS: New 20-year, Absolute NNN Lease with four, 5-year option periods. No landlord responsibilities.

RENTAL ESCALATIONS: 10% Rental Increases every 5 years in the initial 20-year lease term, as well as four 5-year option periods.