Property Type: Retail
Address: 8921 Old Number Six Highway
Santee, SC 29142
|CAP Rate: 5%|
Square Feet: 3,112
Tenancy Type: National
Lease Type: Absolute NNN
The Cooper Commercial Investment Group is pleased to announce the purchase/sale of the Wendy’s located in Santee, South Carolina. The Absolute NNN lease has just under 20 years of term remaining with rental increases every five years.
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the 1031 buyer, a private investor out of Ohio, who Dan Cooper helped to place funds into a diverse portfolio of commercial assets, and the seller was a private investment group. The asset was purchased for $2.33 million, representing a 5.10% CAP Rate.