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Applebees - Availability Details

1268 Highway 9 Bypass Lancaster SC, Lancaster, SC 29720

  • For Sale $2,455,600
  • City Lancaster
  • Zip Code 29720
  • Market Charlotte
  • Property Type Retail - Restaurant
  • Property Size 5,032 Sqft
  • Lot Size 1.33 Acre
  • Property Tenancy Single Tenant
  • Year Built 2000
  • Year Renovated 2015
  • Date Updated 28 May, 2021
Lancaster is located within the Charlotte MSA and 54 minutes south of downtown Charlotte. The Charlotte MSA, with a population over 2.47 million people, is the largest metropolitan area within the Carolinas and is the fourth largest metropolitan area in the southeast United States. Charlotte is headquarters to eight Fortune 500 companies and seven Fortune 1,000 companies LANCASTER, SC is located near the border between North and South Carolina, 42 miles south of Charlotte and 61 miles north of Columbia. The city offers residents and visitors small town charm and southern hospitality within an hour’s reach of major metropolitan cities. Lancaster, has a vibrant arts culture and is rich in early American, Revolutionary and Civil War history, with numerous landmarks and battlefields. Lancaster has a diverse economy due to it’s proximity to major markets, low costs and high standard of living. Nutramax, one of Lancaster’s top employers, broke ground in March 2019 on an expansion that will bring 225 new jobs, and increase the company’s total investment in the city to more than $60 million.
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Contacts

broker

Lorrie Garbarz

NNN Investment Advisors

(561) 684-9116

Highlights

  • Corporate Store - Over 20 Years of Operating History
  • Zero Landlord Responsibilities | Attractive Annual Rent Increases of 1.75%
  • Dine Brands (NYSE: DIN) Purchased 69 Applebee’s Location in the Carolina’s
  • Tenant Paid for a Substantial Complete Store Remodel Including Recent Parking Lot Sealcoating and Restriping Showing Their Dedication to the Location
  • Blended Cap Rate: 8.7%
  • Adjacent to Lancaster Shopping Center - 180,000 SF Shopping Center Anchored by Bi-Lo
  • Estimated Population Growth of Over 10% Throughout the Next 5 Years
  • Excellent Visibly from Lancaster Rd - Average VPD Exceeds 14,000
  • Neighboring National Tenants Include: The Home Depot, Walmart Supercenter, Chick-Fil-A, Walgreens, Food Lion, McDonald’s, Zaxby’s, Kmart, Subway, Murphy USA, Sears, Goody’s, Advance Auto Parts, Sherwin-Williams, ALDI, Waffle House, Verizon, State Farm, GNC, First Citizens Bank and Belk Among Others

Contact Listing Broker

broker

Lorrie Garbarz

NNN Investment Advisors

(561) 684-9116

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