640 Rembert C Dennis Blvd
Moncks Corner, SC 29461

RTP Capital Advisors is pleased to present Applebee’s (Charleston MSA), a 19-year absolute net leased investment opportunity with 1.75% annual increases in Moncks Corner, SC. Applebee’s is one of the world’s largest casual dining brands with almost 2,000 locations and expanding. The subject property is located on Moncks Corner’s main commercial corridor and surrounded by major retailers such as Walmart and Food Lion and restaurants such as Chick-fil-A, Zaxby’s, Wendy’s, and more. The property shares access to a signalized intersection with a Food Lion-anchored shopping center, a credit union, an RAI Care Center (Fresenius), and more. Within two miles of the subject property are some of the area’s major employers, public schools, regional medical facilities, and many medical offices. The South Carolina Public Service Authority headquarters, the state’s largest power provider, is just south of the property. The subject property is located in the Charleston MSA and is about 25 miles from Charleston, the largest city in the state. Charleston has been consistently ranked amongst the World’s Best Cities (Travel + Leisure magazine) and is one of the most desirable vacation destinations in the Southeast. Moncks Corner is located in Berkeley County, part of the Charleston MSA and the second-fastest-growing county in the state by population growth. Applebee’s (Charleston MSA) represents an excellent opportunity to acquire an absolute net leased asset with 19 years remaining and 1.75% annual increases. We are pleased to present this investment opportunity for $2,385,000 at a 6.40% cap rate.