Take 5 Oil Change
1,425 SF | Retail Building | Summerville, SC 29486 | $1,374,000 ($964/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,374,000
- Property Type
-
Retail
- Square Feet
- 1,425 SF
- Price / Square Foot
- $964
Listing Contacts
Andrew Margulies
Verified Profile
Harrison Creason
Verified Profile
Jason Jolly
Verified Profile
Alex Buckman
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 29,185 SF
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
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