Duong Investment Group

Wendy’s – Beaufort, SC | 20-Year Lease | 122+ Unit Operator

2506 Boundary Street, Beaufort, SC 29906

Property Description

Price: $3,510,000
Land Area: ±1.29 Acres (±56,192 SF)
Cap Rate: 4.75%
Gross Leasable Area: ±3,117 SF
Year Built: 2022

Investment Highlights

New 2022 Construction

Franchisee Operates Over 122 Restaurants

20-Year Lease

 

Prime Retail Location

  • Around the Corner from Brand New Publix Grocery Store with this Particular Location being the Closest Grocery Store to the Marine Corps Air Station
  • Located on a Hard Corner with Left Turn Access and a Traffic Count Exceeding ±33,700 Cars Per Day
  • Within Close Proximity to Several Major Retailers such as Walmart, Lowe’s, T.J. Maxx, Tractor Supply, Food Lion, AutoZone, O’Reilly Auto Parts, Dunkin, Pizza Hut, Advance Auto Parts, and Many More

Successful Franchisee

  • Absolute NNN Property with Zero Landlord ResponsibilitiesIdeal for Investors Not Local to the Market
  • Restaurant is a Relocation from Site Down the Street with an Already Established Strong Customer Base
  • Brand New 2022 Construction in a High Barriers to Entry Market with Difficult Zoning Restrictions
  • Tenant Cannot Assign the Lease to Franchisee with Less Net Worth than Carolina Restaurant Group
  • Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation

Pride of Property Ownership in Beaufort, SC

  • Dense, Infill Location with Over 51,000 Residents within 5 Miles, Creating a Large Customer Base
  • Affluent Area with the Average Household Income Exceeding $84,000 within 1 Mile
  • Beaufort was Named “Best Small Southern Town” by Southern Living, a “Top 25 Small City Arts Destination” by American Style, and a “Top 50 Adventure Town” by National Geographic Adventure
  • Population Increase of 16% Since 2010, Demonstrating Beaufort’s Recent Rapid Growth
  • Beaufort is Located Near the Interstate-95 which Runs up the Entire East Coast from Miami to Boston

Broker of Record: Ben Yelm – License: #86628

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643