Cherwa SC - Church's

$1,999,999

144 Chesterfield Highway, Cheraw, SC 29520

For Sale

Retail

Active

Last Updated: 05/30/2025

Details:

Cap Rate: 5.4%

NOI: $108,000

Building Size: 996 sqft

Lot Area: 1.39 acres

Year Built: 2025

Zoning: General Commercial

Floors: 1

Offered by

Greg LaBarre

Vice President

SRS Capital Markets

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Patrick Nutt

Sr Managing Principal & Co-Head of National Net Lease

SRS Capital Markets

#FL License No. BK3120739

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Description:

Long-Term Absolute NNN Lease
20 year lease with zero landlord responsibilities

Brand new 2025 Construction
Most recent Church’s Chicken prototype building

Inflation Protection
Rent is scheduled to increase 10% every 5 years, including option

Corporately Guaranteed Lease
The lease is backed by the Church’s Texas Chicken corporate guaranty, operating over 1400 locations globally

Excellent Visibility
Located on Chesterfield Hwy with over 12,000 cars passing the site every day
Less than 1 mile east of Cheraw High School (w650 students), Long Middle School (450 Students), Cheraw Intermediate School (430 Students), Cheraw Primary School (468 Students)

Limited Competition
Only two other national chicken focused retailer currently in Cheraw

Close Proximity to Major Employers
Schaeffler Group USA (1,700+ employees), Highland Industries (500+ employees), Carolina Cleaners (370+ employees), Crown Cork & Seal
(200 + employees)