2727 Highway 17Mount Pleasant, SC 29466

  • Retail properties
  • 3,960 SF
For Sale
$7,035,492 View listing

Property Details for 2727 Highway 17

Year built
2012
Lot size
0.93 AC
Property size (Sq ft)
3,960 SF
Property type
Retail properties
Property subtype
Other specialty properties

Description

This exceptional investment opportunity presents a fee-simple interest in a thriving Zips Car Wash located at 2727 N Hwy 17, Mt. Pleasant, SC 29466. The property, built in 2012 and renovated in 2018, boasts 3,960 square feet on a 0.93-acre lot. A 20-year absolute NNN lease, commencing August 28, 2018, and expiring August 31, 2038, offers a substantial 13.8 years remaining. The lease includes annual 1.5% rent bumps, providing inflation protection. The property enjoys 100% occupancy, generating a strong NOI of $464,166 and a 6.60% cap rate. The asking price is $7,035,492, translating to $1,776.64 per square foot. The lease is backed by a corporate guarantee from Zips Car Wash, a national company with over 230 locations. The car wash benefits from a high-traffic location on N Hwy 17, a major thoroughfare with approximately 50,000 vehicles per day, and proximity to Charleston, SC. The site includes 15 vacuum stalls (with expansion potential) and a large, easily accessible tunnel. This offering provides a secure, long-term investment with significant upside potential. The property's strong performance and the tenant's financial stability make this an attractive opportunity for discerning investors. Fee simple ownership allows for potential bonus depreciation benefits (consult your tax professional).

2727 Highway 17, Mount Pleasant, South Carolina

Location Insight

City
Mount Pleasant
County
Charleston
State
South Carolina
Latitude
32.8553
Longitude
-79.8004

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].