HOOTERS 112 INTERSTATE BLVD, ANDERSON, SOUTH CAROLINA Hooters Executive Summary | 05
Total Page:16
File Type:pdf, Size:1020Kb
OFFERING MEMORANDUM ABSOLUTE NNN LEASE | $1,300,000 HOOTERS 112 INTERSTATE BLVD, ANDERSON, SOUTH CAROLINA Hooters Executive Summary | 05 OFFERING SUMMARY ADDRESS 112 Interstate Blvd Anderson SC New 12 Year Absolute NNN 29621 Lease That Commences At COE COUNTY Anderson 8.5 % Increases Every 5 years LEASE TYPE Sale Leaseback CAP RATE 6.00% 4 x 5 Year Options BUILDING SQUARE F EET ±4,400 ±28 Miles to Greenville,SC & ± 119 Miles to LAND SQUARE FEET ±41,817 Atlanta, GA LAND ACRES ±0.96 ±7.9 Miles to Anderson Regional Airport YEAR BUILT 2001 ±10 Miles to Clemson University TENANT Hooters Corporate OWNERSHIP TYPE Fee Simple Retail Investment Group is pleased to present for sale, a Hooters in LEASE TERM 12 Years Anderson, South Carolina. This is an absolute triple net lease with zero landlord responsibilities. Corporate backed for the full 12 year term. This property features a ±4,400 square feet building and is located on a ±0.96 acres of land. The property is located at the interchange of FINANCIAL SUMMARY Highway 85 which has ±49,600 vehicles per day and Highway 76 with ± OFFERING PRICE $1,300,000 23,600 vehicles per day. PRICE PSF $295.45 Nearby Retailers are Outback Steakhouse, Waffle House, Cracker Barrel, OCCUPANCY 100 % Old Country Store, Subway, Wild Wings Cafe, J Peters Grill & Bar, Wendy's, Fatz, McDonald, Fuddruckers ,Arby's, Shell. Regal Cinemas NOI (CURRENT) $78,000 Starlight. CAP RATE (CURRENT) 6.00 % Nearby Hotels that are walking distance are Hampton Inn Anderson, Baymont By Wyndham Anderson, Clemson Comfort Suites, Country DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Inn and Suites By Radisson, Fairfield Inn Suites, Holiday Inn Express, Microtel and Suites by Wyndham, Hilton Garden Inn, Best Western 2017 Population 1,171 12,969 42,437 Plus. 2017 Median HH Income $61,156 $50,982 $53,280 2017 Average HH Income $78,782 $67,814 $70,464 Area generators include ± 6.5 AnMed Health Medical Center,± 7.9 Miles to Anderson Regional Airport, ±10.1 miles to Clemson University with 23,400 + students. About Hooters: With restaurants in 39 states and 31 countries, Hooters is a 34 year-old iconic brand serving its world famous chicken wings, as well as other quality food products such as sandwiches, hamburgers, chicken salads and a full bar in a fun, high energy environment. the quality of food is matched with superior service to learn more about hooters visit www.hooters.com.