For Sale
$8,264,704

3305 5 StSummerville, SC 29483

High-growth market, NNN lease, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 4,694-square-foot convenience store and gas station in Summerville, South Carolina. Located at 3305 W 5th N St, this Class A property boasts 20 gas pumps and ample parking (24 spaces) on a 2.33-acre lot. The property is 100% occupied under a 20-year absolute triple-net (NNN) lease, commencing July 1, 2024, with a 2% annual rent increase. The current Net Operating Income (NOI) is $516,544, yielding a 6.25% cap rate. The lease includes five 5-year renewal options, providing long-term stability and predictable cash flow. Built in 2024, this state-of-the-art facility benefits from its location within the Charleston MSA, a rapidly expanding metropolitan area. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant upside potential in a thriving market. The asking price is $8,264,704.

Highlights

  • High-growth market in the Charleston MSA.
  • Well-capitalized and experienced tenant.
  • Brand-new, 4,694 SF convenience store and gas station with 20 pumps.
  • Absolute NNN lease with 2% annual rent increases and five 5-year renewal options.
  • Strong traffic and visibility on a 2.33-acre lot with 24 parking spaces.

Property Details for 3305 5 St

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,694 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
101,495 SF

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
33.0690698
Longitude
-80.2516618
3305 5 St, Summerville, South Carolina

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3305 5 St
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