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704 W Wade Hampton Blvd
Greer, SC 29650
Applebee's | Greer, SC · Retail Property For Sale


Investment Highlights
- Strong Tenant with Long-Term NNN Lease
- Excellent Visibility & Accessibility
- Tenant Reports Sales
- Rapidly Growing Market
- High-Traffic Retail Corridor
- Experienced Multi-Unit Franchisee
Executive Summary
Strong Tenant with Long-Term NNN Lease -
Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai.
Experienced Multi-Unit Franchisee -
Operated by Legacy Apple, the Applebee's operating subsidiary of Thrive Restaurant Group, an experienced multi-brand restaurant operator with a large multi-state portfolio and decades of expertise operating and expanding Applebee's restaurants throughout the Midwest and Southeast.
Rapidly Growing Market -
Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States.
Excellent Visibility & Accessibility -
Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville.
High-Traffic Retail Corridor -
Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day.
Strong Surrounding Demographics -
A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000.
Low Vacancy Submarket -
The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar.
Tenant Report Sales -
Sales available upon request.
Absolute NNN lease with approximately 8 years of term remaining and rent increases. This location ranks in the 73rd percentile in South Carolina according to Placer.ai.
Experienced Multi-Unit Franchisee -
Operated by Legacy Apple, the Applebee's operating subsidiary of Thrive Restaurant Group, an experienced multi-brand restaurant operator with a large multi-state portfolio and decades of expertise operating and expanding Applebee's restaurants throughout the Midwest and Southeast.
Rapidly Growing Market -
Located within the rapidly expanding Greenville-Spartanburg MSA, one of the Southeast’s strongest economic and population growth corridors, with Greer ranking among the fastest-growing cities in the United States.
Excellent Visibility & Accessibility -
Prominent frontage and convenient access along Wade Hampton Boulevard, a major connector between Greer and Greenville.
High-Traffic Retail Corridor -
Strategically positioned along Wade Hampton Boulevard, a dominant retail corridor with traffic counts exceeding 33,000 vehicles per day.
Strong Surrounding Demographics -
A dense surrounding population of more than 100,000 residents within a 5-mile radius is supported by average household incomes exceeding $105,000.
Low Vacancy Submarket -
The submarket maintains a low retail vacancy rate of 1.3% with no new construction currently underway, according to CoStar.
Tenant Report Sales -
Sales available upon request.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
C
Year Built
1999
Price
$2,622,857
Price Per SF
$662.34
Cap Rate
7%
NOI
$183,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.06 AC
Zoning
C-3
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
229’ on Wade Hampton
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | G019.00-01-007.06 | Improvements Assessment | $146,960 |
| Land Assessment | $30,000 | Total Assessment | $176,960 |
Property Taxes
Parcel Number
G019.00-01-007.06
Land Assessment
$30,000
Improvements Assessment
$146,960
Total Assessment
$176,960
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