191 Sigma Dr - Restaurant FOR SALE


Summerville, SC 29483- Goose Creek
$6,000,000 USD
310-691-1350
191 Sigma Dr, Summerville, SC for Sale
$6,000,000 USD
Restaurant - FOR SALE
1/7
null | 6.1% Cap Rate

191 Sigma Dr
Summerville, SC 29483
Goose Creek


HIGHLIGHTS

  • Located at the entrance of the 5,000-acre Nexton development – recently named the #1 Master Planned Community in the U.S.
  • Rare 100% Absolute NNN fee-simple ownership structure in a 10,000 SF full-service restaurant property on a 1.66-acre parcel
  • Ranked as the best in South Carolina (1/6) and second best nationally (2/23) demonstrated by 10+ years of successful operating history
  • #1 Suburb in U.S. for Jobs - Summerville was recently ranked as the #1 suburb in the U.S. for jobs and job growth
  • Booming Charleston MSA - Charleston continues to outpace the national average for GDP and population growth
  • Prominently situated at the entrance to Nexton, the last parcel before I-26 (81,000 VPD), visible to over 52,000 VPD along Main Street

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., is pleased to present the exclusive opportunity to acquire a 100% absolute triple net (NNN) leased, fee-simple interest in a top performing Carolina Ale House in Summerville, South Carolina, an affluent and rapidly growing suburb of Charleston (the “Property”). The Property sits at the entrance to Nexton – a 5,000 acre master planned community, which was ranked as the #1 Master Planned Community in the U.S. in the 2025 PRISM Awards. Nexton is home to over 12,000 residents and over 2,500 daytime employees. Since opening in 2015, the developers have sold over 3,200 homes and leased 3,000 class A apartment units. Additional phases of Nexton are in development and will include a hospital, additional apartment complex, and community clubhouse, all of which will continue to bolster the long-term real estate value of the Carolina Ale House. The Property contains nearly 10,000 SF of gross leasable area on a large 1.66 AC lot featuring 102 exclusive parking spaces and cross access with a high-performing Starbucks drive-thru, soon to be developed retail bank parcel and a 100K Class-A office building headquartering KION North America, the second largest industrial truck manufacturer in the world. Carolina Ale House, currently operated by one of the original franchisees, is a free standing restuarant that resembles a typical london ale house with a southern flair, and has successfully operated in Summerville for over 10 years. The Property, opened in 2014 at this exceptional location, has consistently achieved annual revenue in excess of $6 million and is approaching $7 million in revenue for 2025. Founded in 1999, Carolina Ale House has 23 locations operating across the southeast. The Property currently ranks as the highest performing unit in South Carolina (1/6) and the second highest in the chain (2/23) according to Placer.ai data. The current owner-operator will commit to a new 10-year absolute net lease at the close of escrow.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Absolute NNN Carolina Ale House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

OI&GC

APN/PARCEL ID

221-00-00-082

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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