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Credit tenant property offered at an attractive 11.64%.
Income / Business
Former 88 bed assisted living center located on 10+ acres. Currently closed, but in an area of great opportunity and need. Turn key operation w ith full kitchen, ample parking, located in a very spacious rural setting. Reopen as assisted living or other medical such as substance abuse clinic. Square footage/acreage is approximate and not guaranteed. Buyer/Tenant is responsible for verification.
The tenant, South Carolina Pizza Restaurants, LLC, will sign a new 10-year NNN Lease at Close of Escrow. The Lease will contain rental escalations of 5% every 5 years and four, 5-year options to extend. South Carolina Pizza Restaurants, LLC is a Pizza Hut franchisee that operates 19 Pizza Hut restaurants concentrated in the markets of Anderson, Florence, and Greenwood/Spartanburg, SC. This group is comprised of four Red Roof stores (RR), eleven Restaurant-Based Delivery stores (RBDs), and four Delivery/Carryout stores (Delcos). The guarantor, South Carolina Pizza Holdings, LLC, also operates an additional eight Pizza Hut units along the Panhandle of Florida, for a total of 27 Pizza Hut restaurants. The franchise organization operates a total of 80 Pizza Hut restaurants, and is also one of the largest Taco Bell and IHOP franchisees in the United States. As a result of its scale, the Company is able to attract and retain an experienced management team comprised of seasoned restaurant veterans that average over 30 years of experience in the industry.
This is an excellent opportunity to be located on a prime thoroughfare in Marion with excellent visibility in a vibrant grocery-anchored shopping center along with neighboring Tenant' s of Farmer' s Home Furniture and Cititrends. The US Highway 76 Corridor is Marion' s heaviest traveled commercial and commuter thoroughfares in the county. The area is a vibrant commercial sector that is home to a variety of commercial entities including: professional and financial/banking services, food and beverage and many national and local retail businesses. Available for sale is +/- 8,000 square foot open space with storage room and 2 restrooms. This layout allows for the ability to customize the interior to suit most individual preferences. The site is highly visible and easily accessible from US Highway 76. For Sale at $189,000. Will Consider Lease at $2,500 Per Month 3 Year Minimum Lease