HOOTERS RESTAURANT · 2017. 2. 14. · HOOTERS RESTAURANT. The information furnished has been...
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7711 TWO NOTCH ROAD, COLUMBIA, SC 29223 NNN - INVESTMENT OPPORTUNITY HOOTERS RESTAURANT The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2015 Colliers International CONTACT US Steve Rich, CCIM [email protected] Dir +1 704 409 2375 >> ±5,748 SF plus ±570 SF Patio >> 1.02 Acres >> 87 Parking Spaces >> 211 Seat Restaurant >> Aboslute NNN Lease >> 21% Rental Increase in 35 Months >> 33% Rental Increase in Less Than 5 Years >> Opened September 2005 >> Retrofit by Tenant in 2013 >> Approx. 8.5 Years of Lease Term >> Two, 5 Year Options >> $2,593,000 | CAP 6.75% | NOI $175,005 >> 8.2% CAP to Start January 1, 2019 PROPERTY SUMMARY COLLIERS INTERNATIONAL 301 S. College Street, Suite 3350 Charlotte, NC 28202 www.colliers.com *Corporate Guaranty Two Notch Road
Transcript of HOOTERS RESTAURANT · 2017. 2. 14. · HOOTERS RESTAURANT. The information furnished has been...
7711 TWO NOTCH ROAD, COLUMBIA, SC 29223
NNN - INVESTMENT OPPORTUNITY
HOOTERS RESTAURANT
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or
execution of legal documents. © 2015 Colliers International
CONTACT US
Steve Rich, [email protected] +1 704 409 2375
>> ±5,748 SF plus ±570 SF Patio>> 1.02 Acres>> 87 Parking Spaces>> 211 Seat Restaurant>> Aboslute NNN Lease>> 21% Rental Increase in 35 Months>> 33% Rental Increase in Less Than 5 Years >> Opened September 2005>> Retrofit by Tenant in 2013>> Approx. 8.5 Years of Lease Term>> Two, 5 Year Options>> $2,593,000 | CAP 6.75% | NOI $175,005>> 8.2% CAP to Start January 1, 2019
PROPERTY SUMMARY
COLLIERS INTERNATIONAL301 S. College Street, Suite 3350
Charlotte, NC 28202www.colliers.com
*Corporate Guaranty
Two N
otch R
oad
7711 TWO NOTCH ROAD, COLUMBIA, SC 29223
NNN - INVESTMENT OPPORTUNITY
HOOTERS RESTAURANT
Steve Rich, [email protected] +1 704 409 2375
LocationColumbia is located in the center of the South Carolina. It is approximately 1.5 hours south of Charlotte, 2.5 hours east of Atlanta and 1.5 hours northwest of Charleston,SC.
Columbia is the largest city in South Carolina with approximately 133,358 people. Also with being the largest city in South Carolina, Colubmia, is also the states capital.
Investment Summary > Absolute NNN Lease (No LL Responsibilities)
> Hooters Corporate Guaranty (Corporate Store)
> Approx. 8.5 Years Remaining on Lease Term (Sept 20, 2025)
> 21% Rental Increase on Jan 1, 2019 (35 months)
> 33% Rental Increase in less than 5 Years (Sept 2020)
> Corner Property near Hotels, Restaurants & Retail
> Located in Columbia - Largest City in South Carolina
> 113,000 People within 5 Mile Ring
> $71,370 – Average Household Income within 5 Mile Ring
> 48,196 Employees within 5 Mile Ring
> 28,500 Avg. Vehicles/Day on Two Notch Road
> 50,900 Avg. Vehicles/Day on I-77 (1/4 mile away)
Two Notch
Road
Barbara Drive
Trenh
olm Road
