Restaurant
Seasons of Tokyo
1506 Red Bank Rd, Goose Creek, SC 29445
Listing Price: $1,625,000
Investment Overview
The subject property is a freestanding Seasons of Tokyo restaurant located in Goose Creek, a suburb of Charleston, South Carolina. There are over 8 years remaining on the initial 20 year absolute triple net lease. The lease offers attractive 10% fixed rent increases every 5 years. Seasons of Tokyo currently operates 5 locations in South Carolina.
Seasons of Tokyo is operating under a sublease from Hardee's Food System's Inc. who closed down this location in August 2023. It is reported 43,267 residents within a 3-mile radius of the subject property with an Average Household Income of $77,861 within the same radius.
The U.S. Naval Weapons Station-Joint Base Charleston is situated just down the street from this the subject property and consists of over 17,000 acres. The current work force (military/civil service/contractors) numbers more than 11,000 along with an additional 3,600 people living on-base family housing. This base is an important naval storage center and transportation hub for the U.S. military, as well as a training center.
Seasons of Tokyo
Investment Highlights
- Over 8 years remaining on Absolute NNN corporate lease
- 10% fixed rent increases every 5 years
- Surrounded by national retailers such as O'Reilly Auto Parts, Walgreen's, Burger King, McDonald's and Walmart Neighborhood Market
- Located close to the entrance of U.S. Naval Weapons Station - Joint Base Charleston
- Situated just 11 miles from Charleston International Airport
- Property has abundant on-site parking of 53 spaces
Exclusively Listed By
Broker of Record
Listing Price: $1,625,000
Investment Highlights
- Over 8 years remaining on Absolute NNN corporate lease
- 10% fixed rent increases every 5 years
- Surrounded by national retailers such as O'Reilly Auto Parts, Walgreen's, Burger King, McDonald's and Walmart Neighborhood Market
- Located close to the entrance of U.S. Naval Weapons Station - Joint Base Charleston
- Situated just 11 miles from Charleston International Airport
- Property has abundant on-site parking of 53 spaces
Investment Overview
The subject property is a freestanding Seasons of Tokyo restaurant located in Goose Creek, a suburb of Charleston, South Carolina. There are over 8 years remaining on the initial 20 year absolute triple net lease. The lease offers attractive 10% fixed rent increases every 5 years. Seasons of Tokyo currently operates 5 locations in South Carolina. Seasons of Tokyo is operating under a sublease from Hardee's Food System's Inc. who closed down this location in August 2023. It is reported 43,267 residents within a 3-mile radius of the subject property with an Average Household Income of $77,861 within the same radius. The U.S. Naval Weapons Station-Joint Base Charleston is situated just down the street from this the subject property and consists of over 17,000 acres. The current work force (military/civil service/contractors) numbers more than 11,000 along with an additional 3,600 people living on-base family housing. This base is an important naval storage center and transportation hub for the U.S. military, as well as a training center.
Exclusively Listed By
Broker of Record
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