1849 State Rd - Freestanding FOR SALE


Summerville, SC 29486- Goose Creek
$1,374,000 USD
312-543-0090
1849 State Rd, Summerville, SC for Sale
$1,374,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

1849 State Rd
Summerville, SC 29486
Goose Creek


HIGHLIGHTS

  • New Construction 15-Year Absolute NNN Ground Lease
  • 10 Unit Guaranty | Successful and Growing Multi-Unit Operator
  • 10% Rent Increases Every Five Years (Through Initial 15-Year Term And In Each Option Period)
  • Located Between (2) Large, Master-Planned Communities: Nexton and Cane Bay Plantation (Over 40,000 New Construction Residences)
  • Near the #1 Ranked Publix in the State Based On Customer Foot Traffic (Placer, Ai) | 1.4M Annual Customer Visits (Placer.ai)
  • Surrounded by New Development | National Retailers, Single-Family and Multi-Family Communities

OVERVIEW

**Lowest Rent Take-5 Ground Lease on the Market in the Carolinas** Brand New Construction Take-5. Adjacent to Cane Bay and Nexton in Summerville, SC. Frontage on State Road (20,000+ VPD) New 15-Year Absolute NNN Ground Lease. No Landlord Responsibilities Whatsoever. The Rent Increases 10% Every 5-Years. High Growth Suburb of Charleston, SC. $85,000+ Average Household Income in One (1) Mile Radius. Located 0.5 Miles from New Cane Bay High School (2,500+ Students). Berkeley County is the Fastest Growing County in South Carolina. Adjacent Retailers: Publix, Chick-fil-A, Starbucks, AutoZone, O'Reilly, McDonalds, Walmart, etc.

FOR SALE DETAILS

PRICE

$1,374,000 USD

PRICE/SF

$964 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C

APN/PARCEL ID

194-00-01-027

ASK ABOUT THIS PROPERTY

Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

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Andrew MarguliesMarcus & MillichapMore Info
312-543-0090

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