QSR + Medtail | Annual Rental Growth | Drive-Thru
– HipBurger has 2% annual increases and Electric City Eye Care has 3% annual increases, further compounding initial 6.50% return.
– QSR and healthcare is one of the most durable tenant combinations in retail — both are necessity- based, foot-traffic-generating uses that are highly resistant to e-commerce disruption
– Both leases structured as NN with tenants responsible for their proportionate share of expenses, landlord carries minimal operating burden.
$2.3M Price Point- Multi-Tenant Retail
– At $2,304,000, this is one of the lowest-priced fully-occupied multi-tenant retail assets available in the Southeast
– Priced at a 6.50% cap rate, this investment offers a meaningful premium over comparable single-tenant QSR product with a bonus of a medical recession proof tenant with additional 3%
annual rental increases.
Greenville, SC MSA | High-Growth Upstate South Carolina Market
– Anderson sits at the southwest border of the Greenville-Anderson-Greer MSA, the largest MSA in South Carolina (1.5M+ Population), also being one of the fastest-growing manufacturing and distribution markets in the country, anchored by BMW, Michelin, and a wave of new industrial investment
– 5-mile population of subject property is 75,000+ with a daytime population of 43,000+ employees. Dense, working consumer base with consistent everyday spending patterns ideal for QSR and healthcare retail
– Anderson, SC is located 30 minutes from Clemson University and 30 minutes from downtown Greenville — benefiting from the economic growth of two rapidly expanding and stable Southeast
markets.
Primary Retail Corridor | Strategic Location on E. Greenville Street
– 1807 E. Greenville Street sits on one of Anderson’s primary retail corridor, seeing 30,000+ vehicles per day
– 1.13-acre lot with drive-thru provides amble parking, access, and flexibility for uses in the long-term future
– Location is less than mile from AnMed North Campus with over 340,000 square feet of medical care and 50+ medical departments and less than mile from dominant retailers like McDonald’s,
Publix, QuikTrip, Panera Bread, Starbucks, and Chick-Fil-A.
