hooters anderson, south carolina€¦ · retail investment group is pleased to present for sale, a...
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HOOTERS
OFFE
RIN
G M
EM
OR
AN
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ABSOLUTE NNN LEASE | $1,238,000112 INTERSTATE BLVD ANDERSON, SOUTH CAROLINA
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Exclusively Marketed by:
Steven DavisManaging Member480-429-4580License # [email protected]
Mark McLooneSenior Associate 480-429-4580 License # 673250000 [email protected]
Sean StephensonSenior Associate480-429-4580License # 672380000 [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or futureperformance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
HootersCONTENTSExecutive Summary
Executive Summary 5 Location Summary 6
Property Features
8Demographics
10 Demographics Demographic Charts
Andrew Thomas KnightSouth Carolina Broker of Record860-648-1600License # [email protected]
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Hooters Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person orentity without the written consent of Retail Investment Group.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to RetailInvestment Group. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Retail Investment Group has notmade any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property,the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, thephysical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, RetailInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Groupconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of the informationset forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT RETAIL INVESTMENT GROUP FOR MORE DETAILS.
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Hooters Executive Summary | 05
OFFERING SUMMARYADDRESS 112 Interstate Blvd Anderson
SC 29621COUNTY AndersonLEASE TYPE Sale Leaseback
BUILDING SQUARE FEET ±4,400 LAND SQUARE FEET/ACRES ±41,818/ 0.96YEAR BUILT 2001GUARANTEE CorporateTENANT Hooters
OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE $1,238,000PRICE PSF $295.45OCCUPANCY 100 %NOI $78,000CAP RATE 6.30 %
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 1,171 12,969 42,4372017 Median HH Income $61,156 $50,982 $53,2802017 Average HH Income $78,782 $67,814 $70,464
New 12 Year Absolute NNN Lease That Commences At COE
8.5% Increases Every 5 years
4 x 5 Year Options
±28 Miles to Greenville, SC & ±119 Miles to Atlanta, GA
±7.9 Miles to Anderson Regional Airport
±10 Miles to Clemson University
Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero landlord responsibilities. Corporate backed for the full 12 year term. This property features a ±4,400 square feet building and is located on a ±0.96 acres of land. The property is located at the interchange of Highway 85 which has ±49,600 vehicles per day and Highway 76 with ±23,600 vehicles per day.
Nearby Retailers are Hampton Inn, Outback Steakhouse, Waffle House, Cracker Barrel, Baymont by Wyndham, Clemson Comfort, Subway, Wild Wings Cafe, J Peters Grill & Bar, Wendy's, Fatz, McDonald, Fuddruckers ,Arby's, Shell. Regal Cinemas Starlight, Country Inn and Suites By Radisson, Fairfield Inn Suites, Holiday Inn Express, and Microtel and Suites by Wyndham.
Area generators include ±6.5 AnMed Health Medical Center,± 7.9 Miles to Anderson Regional Airport, ±10.1 miles to Clemson University with 23,400 + students.
About Hooters:
With restaurants in 39 states and 31 countries, Hooters is a 34 year-old iconic brand serving its world famous chicken wings, as well as other quality food products such as sandwiches, hamburgers, chicken salads and a full bar in a fun, high energy environment. the quality of food is matched with superior service to learn more about hooters visit www.hooters.com
PARCEL NUMBER
ZONING Commercial
PARKING SPACES 70 Free Parking Spaces
LEASE EXPIRATION 12 Years from COE INCREASES 8.5% Every 5 Years
OPTIONS 4 X 5 Year Options
093-15-01-006
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Hooters Location Summary | 06
The City of Anderson is located in the northwest corner of the state of South Carolina on the Piedmont Plateau and is the county seat of Anderson County. Anderson is one of the principal cities in the Greenville-Anderson MSA which has a total MSA population of 1,267,000+ people. Anderson is conveniently located off of Interstate 85 which the main connecting Interstate to Atlanta and Charlotte.
The City is ideally located on the busy Interstate 85 corridor, to which much of its economic growth can be The City lies on the southern border of Interstate 85 and is approximately 127 miles north of Atlanta, Georgia. Business leaders and development officials in Anderson have taken advantage of this asset, and visible progress is the result. Anderson County was ranked 14th out of 50 as one of the “Hottest American cities for business location, Anderson is a major contributor to the success of the upstate. Anderson offers all of the basis upon which to build a thriving economy, including affordable land, a good transportation system, infrastructure, and a large number of recreational amenities.
Anderson is apart of the Greenville MSA which has been ranked as one of the "Top 10 fastest growing cities in the U.S" by CNN Money and names the Third strongest job market by Bloomberg. The city offers easy access to Charlotte, North Carolina, and Atlanta, Georgia. the city is home to large employers such as GE and Michelin with plans to continuing growing and reinvigorating the city.
Anderson is the home of Anderson University, a private university with 3,400+ students. Clemson University is also located nearby with 23,000+ students, making it the second-largest university in South Carolina. Clemson University is a 1,400+ acre campus with an additional 17,5000 acres for research, education, and recreation.
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Hooters Location Map | 07
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Hooters Demographics | 10
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 865 9,810 32,679
2010 Population 1,081 11,808 38,476
2017 Population 1,171 12,969 42,437
2022 Population 1,235 13,785 44,865
2017 African American 151 1,747 5,575
2017 American Indian 6 46 117
2017 Asian 19 311 775
2017 Hispanic 31 556 1,774
2017 White 952 10,288 34,324
2017 Other Race 16 263 765
2017 Multiracial 27 304 861
2017-2022: Population: Growth Rate 5.35 % 6.15 % 5.60 %
2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 37 655 1,894
$15,000-$24,999 51 809 2,142
$25,000-$34,999 51 656 1,908
$35,000-$49,999 58 583 2,129
$50,000-$74,999 116 942 3,281
$75,000-$99,999 92 809 2,499
$100,000-$149,999 69 649 2,199
$150,000-$199,999 23 227 683
$200,000 or greater 25 185 637
Median HH Income $61,156 $50,982 $53,280
Average HH Income $78,782 $67,814 $70,464
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 477 4,555 14,612
2010 Total Households 486 5,061 15,920
2017 Total Households 522 5,516 17,372
2022 Total Households 550 5,849 18,306
2017 Average Household Size 2.23 2.29 2.41
2000 Owner Occupied Housing 316 2,859 9,949
2000 Renter Occupied Housing 76 1,336 3,605
2017 Owner Occupied Housing 323 3,009 10,889
2017 Renter Occupied Housing 200 2,507 6,483
2017 Vacant Housing 149 687 2,138
2017 Total Housing 671 6,203 19,510
2022 Owner Occupied Housing 339 3,197 11,499
2022 Renter Occupied Housing 211 2,652 6,807
2022 Vacant Housing 156 708 2,170
2022 Total Housing 706 6,557 20,476
2017-2022: Households: Growth Rate 5.25 % 5.90 % 5.25 %
Source: esri
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Hooters Demographic Charts | 11
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Population by Race
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Exclusively Marketed by:
Steven DavisMark McLoone
Managing MemberSenior Associate
480-429-4580480-429-4580
License # 101032000License # 673250000
Andrew Thomas KnightSouth Carolina Broker of Record860-648-1600License # [email protected]@retail1031.com
Sean StephensonSenior Associate480-429-4580License # 672380000 [email protected]
8255 East Raintree Drive Suite 100, Scottsdale, AZ 85260