For Sale
$1,847,090

2515 Main StSummerville, SC 29486

Summerville, SC Retail Property - Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,500-square-foot freestanding Sherwin-Williams store in Summerville, South Carolina. Located at 2515 N Main St, this single-tenant, net-lease property sits on a 0.53-acre lot within the thriving Carnes Crossroads development, a planned community encompassing 4,500 residential units and various commercial amenities. The property boasts a strong 10-year net lease, commencing September 1, 2019, and expiring August 31, 2029, with a remaining lease term of approximately 4.7 years. The lease includes eight five-year renewal options, each with an 8% rent increase. The building, constructed in 2019, currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $101,590 and a 5.50% cap rate. The asking price is $1,847,090. The property's prime location benefits from high visibility on N Main Street, experiencing a significant daily traffic volume. Nearby retailers include East Bay Deli, Dunkin’ Donuts, Polly’s Fine Jewelry, Jersey Mike’s, Fleet Feet, and others, further enhancing the property's desirability and investment potential. This is a rare opportunity to acquire a well-performing, net-leased retail property anchored by a national brand in a rapidly growing community. The property's strong tenant, long-term lease, and favorable location make it an attractive addition to any investment portfolio.

Highlights

  • High-traffic location with 44,000 vehicles per day (VPD) on N Main Street, Summerville.
  • Located within the Carnes Crossroads Development, a planned community with 4,500 residential units.
  • Offers eight (8) five-year lease options.
  • Backed by a corporate guaranty.

Property Details for 2515 Main St

Property type
Retail properties, Retail space
Square Feet
3,500 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Summerville
County
Berkeley
State
South Carolina
Latitude
33.058102827205
Longitude
-80.097337696777
2515 Main St, Summerville, South Carolina

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2515 Main St
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