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- LoopNet Team
406 E Main St
Andrews, SC 29510
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive 20-year base term
- 10% rent escalations every 5 years throughout entire lease
- Strong personal and franchisee guarantee
- Absolute NNN lease with NO LL responsibilities
- Four (4), 5-year renewal terms
- 2020 construction with latest BTS prototype
PROPERTY FACTS
ABOUT 406 E MAIN ST , ANDREWS, SC 29510
Optimal Lease Structure - Attractive 20-year base term - Four (4), 5-year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Strong personal and franchisee guarantee Best-In-Class QSR Tenant - Newly constructed Burger King - 2020 construction with latest BTS prototype o Double drive-through to support volume and enhance efficiencies o 2,350 SF prototype of newest layout available from BK corporate o Indoor seating with 70 seats o Online ordering available with plans to offer delivery - Burger King rankings: o #6 biggest fast-food chain in America (2019 QSR Magazine) o #2 biggest burger chain in America (2019 Work+Money) - Brand has 17,800+ locations worldwide Strong Real Estate Fundamentals - Flat topography with optimal visibility - Ample parking with 24 spaces - Located at the intersection of E Main Street & Clifford Street o Frontage and full access on both streets - Lack of QSR competition in immediate area About the Operator - Carolina Franchise Holdings - Preferred territories span GA, SC & NC - Management Team includes professional backgrounds covering development, accounting & QSR operations - Cumulative experience of Management Team exceeds 160+ years of professional experience - 1 of 5 franchisees across North America selected by Burger King Corporate to beta test new operations model rolled out to all franchisees in 2020
PROPERTY TAXES
| Parcel Number | 06-0008-021-00-00 | Improvements Assessment | $31,130 |
| Land Assessment | $9,000 | Total Assessment | $40,130 |
PROPERTY TAXES
