Restaurant
Pizza Hut
125 N Ron McNair Blvd, Lake City, SC 29560
Listing Price: $1,344,000
Cap Rate
6.00%
Tenant Name
Pizza Hut
Years Remaining On Lease
10.4
Guarantor
Franchisee Guarantee
Rentable SF
1,856
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.44
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Pizza Hut in Lake City, SC.
Pizza Hut
Investment Highlights
- 2019 Build to Suit for Pizza Hut | Store Includes Drive Thru Pickup Window | Tenant Has Been Operating at this Location for 20+ Years & Had a Complete Store Rebuild in 2019 | 1,856-SF Building 0.51AC
- New 15-Year Absolute Net Lease With 10+ Years Remaining and No Landlord Responsibilities | 7.5% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options
- Lease is Guaranteed by Southeast Restaurants Corporation, a 40 Unit Operator Across South Carolina, Alabama and Georgia
- Located Within the Main Retail Corridor Along US-53/Ron McNair Blvd Going Through Downtown Lake City | High Visibility With 15,900+ Vehicles Per Day and Lighted Pylon Sign
- Easy Access From All Traffic Directions and Two Points of Ingress and Egress | 20 Parking Spaces With Drive Thru Pickup Lane
- Proximity to Multiple National Tenants Including Sonic, BP, Exxon, McDonald's, Jiffy Lube, Domino's, Dollar Tree, Subway, Advance Auto Parts, Belk, Tractor Supply and More
- Just Off of US-51/US-378 Interchange, a Major Highway Going Into Myrtle Beach, SC | Population Exceeds 13,810 Within 5-Miles and is Projected to Increase by 2028
- Lake City is Apart of the Florence, SC Metropolitan Area, 60 Miles From Myrtle Beach and 80 Miles From Columbia
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,344,000
Cap Rate
6.00%
Tenant Name
Pizza Hut
Years Remaining On Lease
10.4
Guarantor
Franchisee Guarantee
Rentable SF
1,856
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.44
Investment Highlights
- 2019 Build to Suit for Pizza Hut | Store Includes Drive Thru Pickup Window | Tenant Has Been Operating at this Location for 20+ Years & Had a Complete Store Rebuild in 2019 | 1,856-SF Building 0.51AC
- New 15-Year Absolute Net Lease With 10+ Years Remaining and No Landlord Responsibilities | 7.5% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options
- Lease is Guaranteed by Southeast Restaurants Corporation, a 40 Unit Operator Across South Carolina, Alabama and Georgia
- Located Within the Main Retail Corridor Along US-53/Ron McNair Blvd Going Through Downtown Lake City | High Visibility With 15,900+ Vehicles Per Day and Lighted Pylon Sign
- Easy Access From All Traffic Directions and Two Points of Ingress and Egress | 20 Parking Spaces With Drive Thru Pickup Lane
- Proximity to Multiple National Tenants Including Sonic, BP, Exxon, McDonald's, Jiffy Lube, Domino's, Dollar Tree, Subway, Advance Auto Parts, Belk, Tractor Supply and More
- Just Off of US-51/US-378 Interchange, a Major Highway Going Into Myrtle Beach, SC | Population Exceeds 13,810 Within 5-Miles and is Projected to Increase by 2028
- Lake City is Apart of the Florence, SC Metropolitan Area, 60 Miles From Myrtle Beach and 80 Miles From Columbia
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Pizza Hut in Lake City, SC.
Exclusively Listed By
Broker of Record
Financing By
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