For Sale
$350,055

10520 Dunbarton BlvdBarnwell, SC 29812

High-Yield Retail Investment in SC

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple retail storefront investment presents a compelling opportunity. The property, located at 10520 Dunbarton Blvd, Barnwell, SC 29812, features a 2,000 square foot building on a 0.36-acre lot. Built in 1980, the single-story structure is currently 100% occupied by TitleMax under a Net Net lease with a corporate guarantee. The lease commenced October 16, 2005, and has a remaining term of approximately five years, with two five-year renewal options. The current lease includes rent bumps. The property boasts a strong NOI of $31,505, resulting in a 9.00% cap rate and a price per square foot of $175.03. The asking price is $350,055. This investment offers a long-term, stable income stream with significant upside potential due to the recent lease extension and favorable lease terms. The property's location on Dunbarton Boulevard provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-performing retail property with a strong tenant and a secure future. The property's history with the tenant, coupled with the recent lease extension and option periods, provides a high degree of confidence in the long-term stability of the investment.

Highlights

  • Fee-simple retail storefront investment at 10520 Dunbarton Blvd, Barnwell, SC 29812.
  • 2,000 SF building on a 0.36-acre lot, built in 1980.
  • 100% occupied by TitleMax under a Net Net lease with corporate guarantee; approx. five-year remaining term with two five-year options and rent bumps.
  • $350,055 asking price, $175.03/SF, 9.00% cap rate, $31,505 NOI.
  • Excellent visibility and accessibility on Dunbarton Boulevard.

Property Details for 10520 Dunbarton Blvd

Property type
Retail properties, Retail space
Square Feet
2,000 SF
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF

Location Insight

City
Barnwell
County
Barnwell
State
South Carolina
Latitude
33.24353264
Longitude
-81.37688393
10520 Dunbarton Blvd, Barnwell, South Carolina

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10520 Dunbarton Blvd
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