2185 Fraser StGeorgetown, SC 29440

Exceptional investment opportunity in Georgetown, South Carolina, presents a fully renovated 4,760 square foot daycare center at 2185 N Fraser St, 29440. This single-tenant property boasts a 10-year triple-net (NNN) lease with two 10-year options, commencing June 2, 2022, and expiring June 5, 2032. The current occupancy is 100%, with the tenant having taken possession on June 15, 2022. The asking price is $720,000, representing a compelling $151.26 per square foot and an 8.33% capitalization rate based on a Net Operating Income (NOI) of $59,976. The property sits on a one-acre lot and includes 31 parking spaces. Significant renovations were completed in 2022. The building, constructed in 1986, is zoned for general commercial use. Rent increases are structured with a 2% annual bump beginning in year three and continuing through all lease options. The tenant is responsible for all property taxes, insurance, utilities, landscaping, and trash removal. This is a turnkey investment with a proven business model and a long-term, stable income stream. The property offers significant upside potential due to the strong tenant history and the favorable lease terms.