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Wendy's - North Augusta, SC 517 E Martintown Rd 3,295 SF Retail Building North Augusta, SC 29841 $2,076,923 ($630.33/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Absolute NNN Lease | No Landlord Responsibilities
- Strong Wendy’s Operator | 100+ Units
- Part of Augusta, GA MSA
- Attractive 7.5% Rent Increases Every 5 Years
- Excellent Visibility | Traffic Counts Exceeding 21,601 Vehicles per Day
- Numerous Apartment Complexes Surround Subject Property
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Wendy’s Hamburger Restaurant located at 517 Martintown Rd. in North Augusta, South Carolina. North Augusta is a city in Aiken and Edgefield counties in South Carolina on the north bank of the Savannah River. It is directly across the river and state border from Augusta, Georgia and has a population over 24,379. The city is included in the Central Savannah River Area and part of the Augusta Georgia Metropolitan Area.
Numerous apartment complexes surround this Wendy’s including Argento at Riverwatch Apartments, Residence at Riverwatch, The Edgewater, Royal Palms Apartments, Savannah Oaks, and The Highland.
Brand new home developments in the area include Forrest Bluff by Ivey Homes, Rushing Waters by D.R. Horton, Windsor by Ivey Homes and Keystone Homes.
Colleges and universities nearby include Helms College, Cambridge College, Augusta University and East Georgia State College.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third-largest quick-service hamburger and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert.
Numerous apartment complexes surround this Wendy’s including Argento at Riverwatch Apartments, Residence at Riverwatch, The Edgewater, Royal Palms Apartments, Savannah Oaks, and The Highland.
Brand new home developments in the area include Forrest Bluff by Ivey Homes, Rushing Waters by D.R. Horton, Windsor by Ivey Homes and Keystone Homes.
Colleges and universities nearby include Helms College, Cambridge College, Augusta University and East Georgia State College.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third-largest quick-service hamburger and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,295 SF
Building Class
C
Year Built
1975
Price
$2,076,923
Price Per SF
$630.33
Cap Rate
6.50%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.91 AC
Zoning
C - Commercial
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
167’ on Martintown Rd
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-12-13-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $144,500 |
PROPERTY TAXES
Parcel Number
007-12-13-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$144,500
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Wendy's - North Augusta, SC | 517 E Martintown Rd
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