Easley, SC - Sonic

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. This store is ranked in the top 79th percentile nationwide and top 84th percentile in South Carolina per Placer.ai. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located in a high-traffic retail corridor between two major shopping centers, Centerpoint (1.6M annual visits) and Town’n Country (2.5M). Town’n Country is a top-performing Hobby Lobby–anchored center, ranking in the 85th percentile nationally and 93rd percentile in South Carolina among comparable neighborhood centers. The site also benefits from proximity to numerous national brands located within the surrounding corridor, including Lowe’s, Walmart Supercenter, Big Lots, and others, driving consistent daily traffic. The 5-mile trade area is home to more than 56,000 residents and 15,300 employees, with an average household income of $88,461, underscoring the area’s strong demographic foundation.

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Listing ID: a28TP000002OE0fYAG