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918 S Mechanic St 1,650 SF Retail Building Pendleton, SC 29670 $1,493,800 CAD ($905.33 CAD/SF) 6.15% Cap Rate



Investment Highlights
- Heavy Drive By Traffic Daily
- Operating Franchise In Place
- Drive Through Window
- Newly Renovated
- Excess Parking
- Signage Can Be Viewed From Hwy 76
Executive Summary
A rare opportunity to acquire a turn-key Subway franchise together with its associated real estate in Pendleton, South Carolina. This offering provides an investor or owner-operator with the ability to step into a fully operational, remodeled location of the world's largest restaurant brand while simultaneously owning the underlying real estate.
Constructed in 2002 and fully remodeled in 2019/2020, the 1,650 SF freestanding building sits on a 0.55-acre parcel at 918 South Mechanic Street, with approximately 149 front feet of frontage and a drive-thru -- a premium format feature in the Subway system. The property sits just off US Highway 76, providing direct connectivity to Clemson (northwest) and Anderson (southeast), and is only minutes from Interstate 85.
Pendleton is part of the Greenville-Spartanburg-Anderson MSA and benefits from the economic gravity of Clemson University (approximately 3 miles away), Tri-County Technical College, and Anderson University. The trade area combines a stable residential base with consistent daily traffic from students, faculty, healthcare workers, and commuters -- the exact customer mix Subway's speed-and-value model is built around.
With Subway now under Roark Capital ownership (acquired 2024), the brand is in the midst of a multi-billion-dollar transformation program focused on remodels, menu innovation, and guest-experience upgrades. This location has already completed its modern remodel, positioning a new owner to benefit from the system's forward momentum on day one.
Constructed in 2002 and fully remodeled in 2019/2020, the 1,650 SF freestanding building sits on a 0.55-acre parcel at 918 South Mechanic Street, with approximately 149 front feet of frontage and a drive-thru -- a premium format feature in the Subway system. The property sits just off US Highway 76, providing direct connectivity to Clemson (northwest) and Anderson (southeast), and is only minutes from Interstate 85.
Pendleton is part of the Greenville-Spartanburg-Anderson MSA and benefits from the economic gravity of Clemson University (approximately 3 miles away), Tri-County Technical College, and Anderson University. The trade area combines a stable residential base with consistent daily traffic from students, faculty, healthcare workers, and commuters -- the exact customer mix Subway's speed-and-value model is built around.
With Subway now under Roark Capital ownership (acquired 2024), the brand is in the midst of a multi-billion-dollar transformation program focused on remodels, menu innovation, and guest-experience upgrades. This location has already completed its modern remodel, positioning a new owner to benefit from the system's forward momentum on day one.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,650 SF
Building Class
C
Year Built
2002
Price
$1,493,800 CAD
Price Per SF
$905.33 CAD
Cap Rate
6.15%
NOI
$91,869 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.55 AC
Frontage
142’ on Mechanic St
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 040-13-02-014 | Improvements Assessment | $22,407 CAD |
| Land Assessment | $16,473 CAD | Total Assessment | $38,880 CAD |
Property Taxes
Parcel Number
040-13-02-014
Land Assessment
$16,473 CAD
Improvements Assessment
$22,407 CAD
Total Assessment
$38,880 CAD
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918 S Mechanic St
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