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5138 Calhoun Memorial Hwy
Easley, SC 29640
Popeye's · Retail Property For Sale
Executive Summary
This property features an absolute triple net (NNN) lease with a 20-year initial term, offering long-term stability for investors. The lease includes 10 percent rent increases every five years, providing consistent income growth. Constructed in 2019, the asset benefits from over six years of strong operating history under a proven franchisee backed by a multi-store guaranty. The site enjoys full signalized access and sits directly across from a high-traffic Chick-fil-A, ensuring exceptional visibility and customer flow. Situated within the dominant Easley retail trade area and surrounded by strong demographics, the property occupies a prime location on Highway 123, the primary east-west corridor linking Easley to Greenville, South Carolina.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,876 SF
Building Class
B
Year Built
2019
Price
$3,209,818 CAD
Price Per SF
$1,710.99 CAD
Cap Rate
5.50%
NOI
$176,540 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.92 AC
Zoning
AD0
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
216’ on Calhoun Memorial Highway
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 5039-18-22-7061 | Improvements Assessment | $54,768 CAD |
| Land Assessment | $46,593 CAD | Total Assessment | $101,361 CAD |
Property Taxes
Parcel Number
5039-18-22-7061
Land Assessment
$46,593 CAD
Improvements Assessment
$54,768 CAD
Total Assessment
$101,361 CAD
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