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5571 Sunset Blvd
Lexington, SC 29072
IHOP · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,972 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.25 AC
Zoning
Commercial
Frontage
324’ on Libby Ln

AMENITIES

  • Pylon Sign

ABOUT 5571 SUNSET BLVD , LEXINGTON, SC 29072

Fortis Net Lease is pleased to present a brand new free-standing IHOP located at 5571 Sunset Blvd, Lexington, SC 29072. The Tenant, South Carolina Investment Inc, V is currently operating on an original 20-Year Absolute NNN Lease with 8+ Years remaining. The lease features 10% rent increases every 5 years to hedge against inflation. These rent escalations are also included in the three, 5 year option periods. South Carolina Investment INC. V is a one unit entity and is a subsidiary of parent company South Carolina Investments, a successful 11 unit IHOP Operator in Georgia and South Carolina. The Owner is also providing a Personal Guarantee on the Lease. This investment property is surrounded by many national retailers such as Walmart, Home Depot, Buffalo Wild Wings, Chic-Fil-A, Arby's, Tractor Supply Co., CVS, Starbucks, Dollar Tree, Walgreen's, Target, Best Buy, Kohl's and many more. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
004300-03-134
Land Assessment
$87,426
Improvements Assessment
$44,574
Total Assessment
$132,000
  • Listing ID: 13937594

  • Date on Market: 10/2/2018

  • Last Updated:

  • Address: 5571 Sunset Blvd, Lexington, SC 29072

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