15 W Ashland St - Supermarket FOR SALE


Andrews, SC 29510
$1,385,000 USD
843-902-4325
15 W Ashland St, Andrews, SC for Sale
$1,385,000 USD
Supermarket - FOR SALE
1/26
null | 7.02% Cap Rate

15 W Ashland St
Andrews, SC 29510


HIGHLIGHTS

  • • Operating at this location for over 30 years
  • • One of very few grocery and pharmacy locations in the area
  • • Store sales estimated at over $390/SF
  • • Absolute Triple Net Lease, Landlord has zero responsibilities
  • • NOI of $97,200 with 2 increases on year 5 and year 9
  • • Piggly Wiggly, a grocery industry pioneer has over 600 locations in 17 states, founded in 1916

OVERVIEW

We are thrilled to present an exceptional investment opportunity located at 15 W Ashland St, Andrews, SC. This successful single-tenant grocery store is every investor's dream, featuring a NNN lease with zero liabilities for the owner. This property boasts a solid cap rate of 7%, derived from a net operating income. The Piggly Wiggly store has been a staple in the community for over 30 years, becoming a franchise location in 2013. The new lease is for 15 years with two scheduled increases—one in year 5 and another in year 9—ensuring steady growth and valuation. This nearly 24,000 square foot, all-brick store is situated on 1.87 acres, just two blocks from the new Andrews Municipal Complex, making it a prime location for continued growth. The store has a proven track record, with total sales averaging an impressive price per square foot. The current owner, who previously managed the store, knows the business well and has set the foundation for future success. Whether you are looking to expand your portfolio or enter the grocery sector, this property offers a fantastic opportunity to invest in a reliable, profitable establishment. Contact us to view all additional information TODAY!

FOR SALE DETAILS

PRICE

$1,385,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Piggly Wiggly Shopping Center 7% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

COM

APN/PARCEL ID

06-0004-054-00-00

ASK ABOUT THIS PROPERTY

Jeffrey FormanKeller Williams Innovate SouthMore Info
843-902-4325

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Jeffrey FormanKeller Williams Innovate SouthMore Info
843-902-4325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.