For Sale
$1,374,000
1851 State Rd Summerville, SC 29486
NNN Ground Lease Auto Shop Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Brand new construction with a 15-year absolute NNN ground lease.
- Ten-unit guarantee from a successful, growing multi-unit operator, featuring 10% rent increases every five years throughout the initial term and option periods.
- 0.67-acre lot with high visibility frontage on a state road (20,000 vehicles per day), situated between two large master-planned communities (Nexton and Cane Bay Plantation) with over 40,000 new homes.
- Excellent location near a top-performing Publix (1.4 million annual customer visits), along with other national retailers including Chick-fil-A, McDonald's, Starbucks, and more, and surrounded by significant new residential and commercial development, including Harris Teeter, Walmart, and Lowe's.
- Strong demographics, including an average household income exceeding $85,399 within a one-mile radius, proximity to Cane Bay High School (2,500+ students), and location in Summerville, a rapidly growing Charleston suburb within Berkeley County—one of the fastest-growing counties in the US.
- Convenient access to Charleston International Airport (23 miles) and Downtown Charleston (30 miles), situated in a region growing three times faster than the national average.
Property Details for 1851 State Rd
- Property type
- Retail properties, Auto shops
- Square Feet
- 1,425 SF
- Year Built
- 2023
- Buildings
- 1
- Lot Size (sq. ft)
- 29,185 SF
Location Insight
- City
- Summerville
- County
- Berkeley
- State
- South Carolina
- Latitude
- 33.1112028
- Longitude
- -80.1332522
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - NNN Ground Lease Auto Shop Investment
- Where is the retail property located?
- The property is located at 1851 State Rd Summerville, SC.
- What is the asking price?
- The asking price for this property is $1,374,000.
- What are key features of this property?
- This property features: Brand new construction with a 15-year absolute NNN ground lease.; Ten-unit guarantee from a successful, growing multi-unit operator, featuring 10% rent increases every five years throughout the initial term and option periods.; 0.67-acre lot with high visibility frontage on a state road (20,000 vehicles per day), situated between two large master-planned communities (Nexton and Cane Bay Plantation) with over 40,000 new homes.
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