For Sale
$1,300,000

1010 Old Highway 52 Moncks Corner, SC 29461

100% Occupied Shopping Center, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fully leased shopping center in Moncks Corner, South Carolina, at 1010 Old Hwy 52, zip code 29461. Currently boasting a 100% occupancy rate and a strong net operating income (NOI) of $84,000, resulting in a compelling 6.46% capitalization rate, this multi-tenant property is priced at $1,300,000. The property primarily operates under gross lease agreements, offering a significant upside potential. As lease renewals approach in 2024, there's a prime opportunity to transition to triple-net (NNN) leases and increase rental rates, currently slightly below market value. This presents a clear path to enhance profitability. The seller is also open to packaging this property with another fully leased strip mall located at 102 Berkeley Square Ln. in Berkeley County. This presents a unique opportunity to acquire a portfolio of stable, high-performing retail assets in a desirable South Carolina location. This is an excellent opportunity for investors seeking strong cash flow and future appreciation.

Highlights

  • Excellent investment opportunity: fully leased strip center in Moncks Corner, SC.
  • Gross lease structure offers potential for NNN lease conversion and rent increases in 2024.
  • Owner will consider packaging with a second, fully leased strip mall at 102 Berkeley Square Ln.

Property Details for 1010 Old Highway 52

Property type
Lifestyle centers, Power centers

Location Insight

City
Moncks Corner
County
Berkeley
State
South Carolina
Latitude
33.185197051949
Longitude
-80.001151238662

FAQs

What type of property is this?
Lifestyle center - 100% Occupied Shopping Center, High ROI
Where is the lifestyle center located?
The property is located at 1010 Old Highway 52 Moncks Corner, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Excellent investment opportunity: fully leased strip center in Moncks Corner, SC.; Gross lease structure offers potential for NNN lease conversion and rent increases in 2024.; Owner will consider packaging with a second, fully leased strip mall at 102 Berkeley Square Ln.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1010 Old Highway 52
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