Investment Offering
Anderson, SC - Sonic
1522 E Greenville St | Anderson, SC 29621
$2,500,000
Price6%
Cap Rate$150,000
NOI1998
Year Built100%
Occupancy1,452
± SF Offering GLA0.75
± AC Land AreaDescription
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. This is the only Sonic located in Anderson County, the next closest is 24+ miles away. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.
Location
The subject property is strategically located as an outparcel to a new AnMed medical office campus currently under development, serving as a satellite to AnMed Medical Center, a 461-bed regional hospital just five minutes away, reinforcing long-term demand and healthcare-driven traffic. The site is also surrounded by key institutional anchors including Anderson University (4,300+ students) and McCants Middle School (600 students), driving consistent weekday activity. Situated in
a prime retail corridor alongside numerous national brands and within walking distance of Anderson Pavilion, a Publix-anchored shopping center attracting 1.1 million annual visits, the property benefits from strong consumer traffic and retail synergy. The 5-mile trade area is home to over 74,300 residents and 38,600 employees, with an average household income of $83,805, providing a strong demographic base for sustained retail performance.
Documents & Links
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 Offering Memorandum |  |  |