7420 Broad River Rd

Retail-Commercial for Sale
Catylist Listing ID: 30150765
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 5,960 SF
Gross Building Area: See Agent
Gross Land Area: 1.49 Acres
Sale Price: $3,450,000
Unit Price: $578.86 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: FATZ Cafe
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 11/1/2018

Overview / Comments

Seller just reduced by $100,000. Bring all offers .The first Fatz Cafe opened in 1988 in Spartanburg and there are now 45 in four states. The property is located in the affluent community of Irmo on the shore of Lake Murray with a population of about 12,000. Irmo is one of the most sought after places to live in the country with excellent schools, municipal services and recreational opportunities. Excellent location less than one mile from I-26. Store sales are very good and with an upward trend. The largest regional mall, Columbiana Centre, is nearby along with many dynamic businesses and health related services. Walgreens is next door and Publix and Food Lion shopping centers along with a Rite Aid are in close proximity located on the other side of the intersection. The Current lease expires in 07/31/2030. Rent increases 8% every five years

Attachments & Media

Additional Details

Nearest MSA: Columbia
County: Richland
Tax ID/APN: 0500401009
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: 1-26
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,960 SF
Property Condition: Excellent
Year Built: 2003
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,534 49,264 101,920
Median Age: 33.7 37.89 36.43
Households: 2,335 19,584 39,462

Contact

Photograph of Listing Agent

Barbara R Hunter

Complete Real Estate SCCMLS Member
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