For Sale
$930,000

102 Berkeley Square LnGoose Creek, SC 29445

High-yield retail property, 5,250 SF, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,250 square foot retail property located at 102 Berkeley Square Ln, Goose Creek, South Carolina, 29445. The property boasts a strong 6.49% cap rate and a net operating income (NOI) of $60,327, with an asking price of $930,000 ($177.14 per square foot). Currently operating primarily under a gross lease agreement, this strip center has enjoyed consistent full occupancy for years. Approaching lease renewals in 2024 offer a strategic chance to transition to triple-net (NNN) leases, allowing for increased rental rates, as current rates are slightly below market value. This presents a significant opportunity to enhance profitability. The property's APN is 2430806030. Furthermore, the owner is open to packaging this property with another strip mall located at 1010 Old Hwy 52, providing potential for a larger, more diversified investment portfolio. This is an excellent opportunity for investors seeking a stable, high-yield retail investment in a growing South Carolina market.

Highlights

  • $930,000 asking price for a 5,250 square foot retail property.
  • Located at 102 Berkeley Square Ln, Goose Creek, SC 29445.
  • NNN lease type with a 6.49% cap rate and $60,327 NOI.
  • $177.14 price per square foot.
  • APN: 2430806030.

Property Details for 102 Berkeley Square Ln

Property type
Retail properties
Square Feet
5,250 SF

Location Insight

City
Goose Creek
County
Berkeley
State
South Carolina
Latitude
33.0018225
Longitude
-80.0392149
102 Berkeley Square Ln, Goose Creek, South Carolina

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102 Berkeley Square Ln
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