Applebee's 2497 Broad St 4,894 SF Retail Building Sumter, SC 29150 $3,908,576 CAD ($798.65 CAD/SF) 8.42% Cap Rate

This Applebee’s in Sumter, South Carolina, offers investors a rare opportunity to acquire a fully leased, single-tenant property. The restaurant sits on a 1.25-acre parcel with 4,894 SF of building area, featuring excellent visibility along Broad Street (US Hwy 378) with 30,000+ vehicles per day. The lease is structured as an absolute NNN, leaving the landlord with no responsibilities for taxes, insurance, CAM, HVAC, roof, or structure—providing completely passive income. Current rent runs through March 2028, with 7.5% rent increases every five years and four (4) five-year renewal options extending occupancy through 2048.
Strategically positioned in Sumter’s dominant retail corridor, the property benefits from proximity to Walmart, Lowe’s, Hobby Lobby, T.J. Maxx, and eight national-brand hotels within a half-mile, along with strong demand generated by nearby Shaw Air Force Base. The location demonstrates proven retail performance, supported by national retailers and steady daytime and evening traffic from military families, travelers, and local residents. This offering delivers investors a stable, credit-backed tenant, predictable income growth, and long-term security in a market with strong demand drivers and ongoing commercial development.