361 Hwy 17 | Mount Pleasant, SC 29464
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- LoopNet Team
361 Hwy 17
Mount Pleasant, SC 29464
Wendy's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Lease Structure – Passive investment – Ideal for out of state investors.
- Recently Extended Lease – Tenant recently extended lease 20 years in 2020 bringing the expiration date to 12/31/2040.
- Strong Sales Volume – The site boasts well above average store sales for Wendy’s. *Contact broker for details.
- Long-Term Lease – The primary lease term has over 16 years remaining.
- Percentage Rent Clause – Percentage rent allows an investor to capture future potential upside increasing yield in the event of continued sales
- Growing Tourist Destination – Charleston brings in 7 million tourists a year, up by 2 million since 2015, and boasts a population growth of over 1.5%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,684 SF
Building Class
B
Year Built/Renovated
1984/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.69 AC
Zoning
AB
Parking
44 Spaces
Frontage
AMENITIES
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 517-00-00-057 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $193,200 |
PROPERTY TAXES
Parcel Number
517-00-00-057
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$193,200
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