Brand New Construction. A single-tenant Hardee's, 20 year absolute NNN lease investment property. Zero landlord responsibilities for this 2,960 SF building with a drive-thru situated on approximately 0.80 acres. Net Operating Income $117,244.00.
EXPLOSIVE GROWTH AREA OF CHARLESTON: Conveniently located at I-526 (68,900 Average Daily Traffic) and Clements Ferry Road (30,000 ADT). 3,252 residential units in the immediate area of the property with 1,634 additional homes under construction. Nearby Cainhoy Plantation is approved for more than 18,000 new homes to be built.
LONG TERM NNN LEASE WITH OPTION PERIODS: New 20-year, Absolute NNN Lease with four, 5-year option periods. No landlord responsibilities.
RENTAL ESCALATIONS: 10% Rental Increases every 5 years in the initial 20-year lease term, as well as four 5-year option periods.
Please see the attached Offering Memorandum.
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