Featured Property

Restaurant Investment Property For Sale
297 Lancaster Bypass E
Lancaster, sc 29720
Property For: Sale
Property Type:  Restaurant
Sale Price: $2,522,044.00
Sq. Feet: 3472
Lot Size: 1.28 Acres
  • Year Built: 2006
  • APN / Parcel ID: 0068A-0A-001.00
  • Investment: Owner
  • CAP Rate Range: 6%

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Description

PROPERTY DETAILS:

  • +/- 3,472 SF Hardee's Restaurant on 20 Year Lease with 8.5 Years Remaining
  • 10% Escalations Every 5 Years During Initial Term
  • Net Operating Income - $151,322.60
  • 4-Five Year Options to Renew with CPI Escalations
  • Absolute NNN Lease - No Landlord Responsibilities
  • Next Escalation: February 2027
  • Lot Size: +/- 1.28 Acres
  • Located on a Corner at a Traffic Light
  • Tax Map#: 0068A-0A-001.00

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  • Spartanburg

    Spencer/Hines Properties
    380 South Pine Street
    Spartanburg, SC 29302
    864.583.1001
    864.585.6188
  • Greenville

    Spencer/Hines Properties
    500 E. North Street, Suite F
    Greenville, SC 29601
    864.991.8077
    864.585.6188
  • Spartanburg

    Property Management Division
    347 E. Blackstock Road, Unit B
    Spartanburg, SC 29301
    864-573-7273