This exceptional investment opportunity presents a brand-new, 1,425-square-foot Take 5 Oil Change located in Summerville, South Carolina. Built in 2023, this property sits on a 0.67-acre lot with excellent visibility on State Road, boasting 20,000 vehicles per day. The property features a 15-year absolute NNN ground lease with a 10% rent increase every five years, providing strong, predictable cash flow. The current lease has 14.5 years remaining, expiring December 1, 2038. The property benefits from a prime location between two large master-planned communities, Nexton and Cane Bay Plantation, with over 40,000 new homes. This high-growth area also boasts a high average household income ($85,399+) within a one-mile radius and is conveniently located near major retailers such as Chick-fil-A, McDonald's, Starbucks, and more. The strong tenant, Take 5 Oil Change, is a successful and growing multi-unit operator, further enhancing the investment's stability. The property's Net Operating Income (NOI) is $85,869, resulting in a 6.25% cap rate and an asking price of $1,374,000 ($964.21 per square foot). The property's proximity to Cane Bay High School (2,500+ students) and its location in the rapidly growing Berkeley County (one of the fastest-growing counties in the US) contribute to its long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a thriving market.
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.
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Contacts
Alex Buckman
Andrew Margulies
Harrison Creason
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1851 State Rd, Summerville, South Carolina, 29486
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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1851 State Rd
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