For Sale
$8,987,212

0 Scholar WaySummerville, SC 29486

High-yield NNN retail investment. Prime Charleston location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed, 4,650 square foot 7-Eleven convenience store located in Summerville, South Carolina. Situated within the Nexton master-planned community, recently recognized as the "Best Mix-Use Development in the United States," this Class A property boasts a prime location. The property features a 15-year NNN lease with a 10% rent increase every five years and four 5-year renewal options, ensuring long-term stability and predictable cash flow. The 1.54-acre lot is strategically positioned near Nexton Elementary School and a Harris Teeter shopping center, with a Publix center soon to open nearby. Excellent access to Interstate 26 and Highway 176 further enhances its appeal. The property's strong financial performance is highlighted by a 5.10% cap rate and a net operating income (NOI) of $458,347. The asking price is $8,987,212, translating to a price per square foot of $1,932.73. This single-tenant, 100% occupied property offers a compelling investment opportunity in a rapidly growing area of the Charleston MSA, fueled by significant industrial development and population growth. The property's zoning is PD-MU. The building, constructed in 2024, is a single-story structure. This is a rare opportunity to acquire a high-performing, newly built 7-Eleven in a thriving market.

Highlights

  • Newly constructed 4,650 SF 7-Eleven in Summerville, SC's Nexton master-planned community, recently named "Best Mix-Use Development in the US".
  • 15-year NNN lease with 10% rent increases every five years and four 5-year renewal options.
  • Prime location near Nexton Elementary School, Harris Teeter, and a soon-to-open Publix, with excellent access to I-26 and Highway 176.
  • Strong financials: 5.10% cap rate, $458,347 NOI, $8,987,212 asking price ($1,932.73/SF).
  • 1.54-acre lot, single-story building (2024 construction), PD-MU zoning.

Property Details for 0 Scholar Way

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,650 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
33.063907619108
Longitude
-80.150844165962
Scholar Way, Summerville, South Carolina

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0 Scholar Way
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