For Sale
$7,448,000

509 Is ParkBluffton, SC 29910

Coastal SC Retail Investment, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, Class A, 24,881 square foot retail storefront in Bluffton, South Carolina. The property, built in 2010 and situated on a 14.81-acre lot (APN R600-021-000-0233-0000), is currently 100% occupied by a credit-rated Goodwill Industries under a triple-net (NNN) lease with a corporate guarantee. The lease, with a remaining term of approximately 4.4 years, expires April 30, 2029, and includes options for 3 or 5-year extensions. This single-tenant property boasts a strong 6.25% cap rate and a price per square foot of $299.34, reflecting its prime location and the tenant's regional hub status in Northeastern South Carolina. The property is zoned 6606 and benefits from a robust local market with a strong 2% annual population growth. The NNN lease structure ensures minimal landlord responsibilities, making this an attractive, low-maintenance investment. This well-maintained facility represents a secure and stable investment opportunity in a thriving coastal South Carolina market. The asking price is $7,448,000.

Highlights

  • Over five years remaining on the base lease term.
  • High-quality facility serving as a Goodwill regional distribution center.
  • Robust 2% annual population growth in the area.
  • Triple-net (NNN) lease; no landlord responsibilities.

Property Details for 509 Is Park

Property type
Retail properties, Retail space
Square Feet
24,881 SF
Class
A
Year Built
2010
Lot Size (sq. ft)
645,124 SF
Units
1

Location Insight

City
Bluffton
County
Beaufort
State
South Carolina
Latitude
32.2888353
Longitude
-80.9204249
509 Is Park, Bluffton, South Carolina

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509 Is Park
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