For Sale
$695,000

2185 Fraser StGeorgetown, SC 29440

High-Yield NNN Childcare Lease

Overview

Added:
Feb 3
Days on market:
60
Exceptional investment opportunity in Georgetown, SC, featuring a fully renovated office building currently leased to a thriving childcare business. This NNN (Net, Net, Net) property boasts an 8.6% cap rate and is situated on a one-acre lot at 2185 N Fraser St. The building underwent significant renovations prior to the tenant's occupancy, ensuring a high-quality asset. The tenant is currently in the third year of a ten-year lease with annual rent increases of 2% commencing in year three. The lease further includes two ten-year renewal options, each with an additional 2% annual rent increase. This structure significantly mitigates risk and provides predictable, growing income. The tenant is responsible for all operating expenses, including ad valorem taxes, insurance, utilities, landscaping, and trash removal, minimizing landlord responsibilities. The property's strategic location near Georgetown Hospital adds to its appeal and long-term value. This is a rare opportunity to acquire a stable, high-yielding investment with significant upside potential. The property is priced at $695,000.

Property Details for 2185 Fraser St

Property type
Office properties
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Georgetown
County
Georgetown
State
South Carolina
Latitude
33.40565
Longitude
-79.28819
2185 Fraser St, Georgetown, South Carolina

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2185 Fraser St
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