431 St James AveGoose Creek, SC 29445
- Retail properties
- 3,280 SF
Property Details for 431 St James Ave
- Year built
- 2002
- Lot size
- 1.02 AC
- Property size (Sq ft)
- 3,280 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 3,280 square foot Huey Magoo's restaurant located at 431 St James Ave, Goose Creek, South Carolina 29445. The property is situated on a 1.02-acre lot in a high-traffic area at a signalized intersection with 47,800 vehicles per day. The building, constructed in 2002 and renovated in 2024, operates under a Net Lease (NNN) agreement with a franchisee tenant. The lease commenced August 1, 2023, and has a remaining term of 8.8 years, with four 5-year renewal options. The current asking price is $2,452,870, offering a 5.75% cap rate and a strong net operating income (NOI) of $141,040. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The property is zoned PD and benefits from its proximity to major retailers such as Big Lots, Zaxby's, Lidl, Aldi, Walmart, Wendy's, McDonald's, Arby's, 7-Eleven, Lowe's, and Chick-fil-A, further enhancing its desirability and potential for future appreciation. The location is easily accessible via St. James Avenue (Highway 176), connecting Goose Creek to Northern Summerville and Moncks Corner, and Gainsborough Road, which provides access to the large Crowfield Plantation community. This single-story building offers a secure, long-term investment opportunity with a proven tenant and strong market fundamentals.
Location Insight
- City
- Goose Creek
- County
- Berkeley
- State
- South Carolina
- Latitude
- 33.0234
- Longitude
- -80.0546
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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