361 Shanklin Rd - Freestanding FOR SALE


Beaufort, SC 29906
$1,000,000 USD
864-593-6644
361 Shanklin Rd, Beaufort, SC for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/3
null | 9.73% Cap Rate

361 Shanklin Rd
Beaufort, SC 29906


HIGHLIGHTS

  • Corporately guaranteed lease with Dollar Tree credit strength
  • Attractive 9.73% cap rate with built-in rent growth
  • Strategic location across from Food Lion in a high-traffic corridor
  • Minimal landlord responsibilities under net lease structure

OVERVIEW

Reedy River Retail at SVN Palmetto presents the opportunity to acquire a corporately guaranteed single-tenant net-leased retail asset occupied by Family Dollar in Beaufort, a stable and supply-constrained coastal South Carolina market. The property is strategically positioned directly across the street from Food Lion, benefiting from strong daily traffic and established neighborhood retail synergy. The subject property features an 8,000-square-foot freestanding building situated on a 3.21- acre parcel, providing excellent visibility, access, and long-term real estate optionality. Family Dollar is currently operating under a corporate lease with approximately 2.5 years remaining on the current term and has already exercised its first five-year renewal option, demonstrating continued commitment to the location. The lease includes three (3) additional five-year renewal options, each with 10% rental increases, offering investors built-in income growth and long-term cashflow durability. The lease structure is net leased, with the tenant responsible for the majority of operating expenses, resulting in minimal landlord management responsibilities. The asset is being offered at an attractive 9.7% cap rate, presenting a compelling yield relative to comparable single-tenant net-lease retail offerings. The combination of strong corporate credit, remaining option periods, contractual rent growth, and a well located retail site positions this property as a stable, income-producing investment with long-term upside.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

9.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

6601

APN/PARCEL ID

R100-024-000-0040-0000

ASK ABOUT THIS PROPERTY

Daniel HollowaySVN | Palmetto CREMore Info
864-593-6644

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Daniel HollowaySVN | Palmetto CREMore Info
864-593-6644

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