For Sale
$2,200,000

106 Parkway AveSummerville, SC 29483

Prime Summerville location, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a thriving Japanese restaurant and retail space at 106 Parkway Ave, Summerville, SC 29483. The property boasts 8,856 square feet situated on a 1.43-acre lot, offering ample parking with 60 spaces. The building enjoys high visibility with approximately 156 feet of frontage on Berlin G Myers Parkway and 59 feet on Parkway Ave. Currently operating at 100% occupancy, the property is offered as a sale-leaseback with a credit-rated tenant under a triple-net (NNN) lease. The lease agreement includes a 10-year initial term with two 5-year renewal options, providing long-term stability and predictable income. The annual base rent is $144,000 ($12,000 per month). This property is ideally positioned within a thriving community, boasting over 23,000 households within a 3-mile radius. The property's combination of a strong tenant, favorable lease terms, and prime location makes it an attractive investment opportunity in the desirable Summerville market. The property is zoned for both restaurant and shopping center uses, offering flexibility for future development or expansion. The asking price for this exceptional property is $2,200,000.

Highlights

  • Exceptional investment opportunity: Thriving Japanese restaurant & retail space in Summerville, SC.
  • 8,856 SF building on a 1.43-acre lot with 60 parking spaces.
  • High visibility: 156' frontage on Berlin G Myers Parkway & 59' on Parkway Ave.
  • 100% occupied, sale-leaseback with credit-rated tenant; NNN lease.
  • 10-year lease with two 5-year options; $144,000 annual base rent.
  • Prime location: Over 23,000 households within a 3-mile radius.

Property Details for 106 Parkway Ave

Property type
Lifestyle centers, Power centers
Square Feet
8,856 SF
Lot Size (sq. ft)
62,291 SF

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
33.0234299
Longitude
-80.1671474
106 Parkway Ave, Summerville, South Carolina

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106 Parkway Ave
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