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- LoopNet Team
5571 Sunset Blvd
Lexington, SC 29072
IHOP · Retail Property For Sale
PROPERTY FACTS
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
| Parcel Number | 004300-03-134 | Improvements Assessment | $44,574 |
| Land Assessment | $87,426 | Total Assessment | $132,000 |
PROPERTY TAXES
