Fat Jack’s Restaurant 2122 Bells Hwy

Property for Sale

2122 Bells Highway Walterboro, SC

Name of Business: Fat Jack’s Restaurant
Price: $ 2,900,000
Space Size: 5,200 SF
Rent (SF/Yr): $ 558
Property Type: Retail

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Description:

EXECUTIVE SUMMARY

NOTE, this offering is for the sale of Land, Building and Business of a profitable, well established restaurant/bar just off I-95 in Walterboro, SC. Has FREEWAY visibility from I-95 at major exit. The building is fully equipped with very large outdoor dining area, and operating profitably since 2015 The BUSINESS may be purchased separately (without Land & Building), for $700,000 (asking), and the owner will deliver a lease to buyer with rent at $15,000/mo. NNN
The land and building may then be sold at a cap rate of 8.2%. Alternatively a developer who has a prospective Tenant may wish to purchase and redevelop the property. This excellent building is on an outparcel of a Wal-Mart Supercenter shared with Zaxby’s, KFC, IHOP and others.

PROPERTY FACTS

Sale Type: Owner User
Property Type: Retial
Property Subtype: Restaurant
Building Size: 5,200 SF
Opportunity Zone: Yes
Building Class: B
Year Built: 2016
Price: $2,900,000
Price Per SF: $558
Percent Leased: Vacant
Building Height: 1 story
Building FAR: 0.12
Land Acres: 1 AC
Amenities:
  • Corner Lot
  • Freeway Visibility
  • Restaurant

Features:

Corner Lot, Freeway Visibility, Restaurant

Additional Information:

Listing ID: 20083475
Year Established: 2016
Sale Type: Owner/User
Service Type: Triple Net
Building Class: B