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Applebee's | Greer, SC 704 W Wade Hampton Blvd 3,960 SF Retail Building Greer, SC 29650 $3,628,854 CAD ($916.38 CAD/SF) 7% Cap Rate
Investment Highlights
- Strong Tenant with Long-Term NNN Lease
- Excellent Visibility & Accessibility
- Strong Surrounding Demographics
- Rapidly Growing Market
- High-Traffic Retail Corridor
- Experienced Multi-Unit Franchisee
Executive Summary
Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai.
Rapidly Growing Market -
Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States.
Excellent Visibility & Accessibility -
Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville.
High-Traffic Retail Corridor -
Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day.
Strong Surrounding Demographics -
A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000.
Low Vacancy Submarket -
The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar.
Experienced Multi-Unit Franchisee -
Operated by Legacy Apple, a long-standing Applebee’s franchisee with a multi-state portfolio and decades of experience operating and expanding Applebee’s restaurants throughout the Midwest and Southeast.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
- -
There's a lot to love about Applebee's. Founded over 4 decades ago on the principles of exceptional value and family fun, they take pride in having a friendly, welcoming, neighborhood environment. They continue to set the standards for best practices in the restaurant industry. People Report has awarded them the Heart of the Workplace Award, Top Performer in Management Retention Award, Excellence in Retention Award, and Catalyst Award. Forbes named them One of America's Best Managed Companies, and Restaurant Hospitality Magazine named them Chain of the Year. They are proud of these accomplishments and believe when thousands of people embrace their responsibility to their neighborhoods, the results can be astounding.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | G019.00-01-007.06 | Improvements Assessment | $203,327 CAD |
| Land Assessment | $41,507 CAD | Total Assessment | $244,833 CAD |
Property Taxes
Presented by
Applebee's | Greer, SC | 704 W Wade Hampton Blvd
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