For Sale
For Sale
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Overview
1410 Lake Murray Boulevard is a ±3,150-square-foot Wendy's investment opportunity in Irmo, SC a submarket of the Columbia, SC MSA. The property is situated on a large parcel of approximately 1.24 acres and is located at the signalized intersection of Lake Murray Boulevard and Irmo Drive. 1410 Lake Murray Boulevard is located directly across the street from Irmo Station, a Kroger-anchored shopping center and has excellent visibility from Lake Murray Boulevard which sees approximately 25,800 vehicles per day. The site is zoned for an excellent local school system and is located less than 20 miles from downtown Columbia.
The current tenant Carolina Restaurant Group, Inc. is a franchisee of Wendy's and occupies a long lease term of 20 years with a rent increase of 8.5% in 2021 and every 5 years thereafter. The lease is an absolute net lease with no landlord responsibilities.
For more information, please download the offering memorandum and contact Tripp Bradley.
Long lease term - 20 years
Rent increases 8.5% in 2021 and every 5 years thereafter
Located in close proximity to Lake Murray
Signalized intersection of Lake Murray Boulevard and Irmo Drive
Absolute net lease with no landlord responsibilities
Large parcel – 1.24 acres
Excellent visibility from Lake Murray Boulevard (25,800 VPD)
Approximately 16 miles from downtown Columbia
Property Details
Wendy's Investment Opportunity on Lake Murray Boulevard in Irmo, SC
1410 Lake Murray Boulevard is a ±3,150-square-foot Wendy's investment opportunity in Irmo, SC a submarket of the Columbia, SC MSA. The property is situated on a large parcel of approximately 1.24 acres and is located at the signalized intersection of Lake Murray Boulevard and Irmo Drive. 1410 Lake Murray Boulevard is located directly across the street from Irmo Station, a Kroger-anchored shopping center and has excellent visibility from Lake Murray Boulevard which sees approximately 25,800 vehicles per day. The site is zoned for an excellent local school system and is located less than 20 miles from downtown Columbia.
The current tenant Carolina Restaurant Group, Inc. is a franchisee of Wendy's and occupies a long lease term of 20 years with a rent increase of 8.5% in 2021 and every 5 years thereafter. The lease is an absolute net lease with no landlord responsibilities.
For more information, please download the offering memorandum and contact Tripp Bradley.
Long lease term - 20 years
Rent increases 8.5% in 2021 and every 5 years thereafter
Located in close proximity to Lake Murray
Signalized intersection of Lake Murray Boulevard and Irmo Drive
Absolute net lease with no landlord responsibilities
Large parcel – 1.24 acres
Excellent visibility from Lake Murray Boulevard (25,800 VPD)
Approximately 16 miles from downtown Columbia
- Property TypeRetail
- Sale Price$2,021,800
- Total Acres0.07
- Cap Rate5.0%
- Property ID2135439