431 St James AveGoose Creek, SC 29445

  • Retail properties
  • 3,280 SF
For Sale
$2,452,870 View listing

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.

431 St James Ave, Goose Creek, South Carolina

Location Insight

City
Goose Creek
County
Berkeley
State
South Carolina
Latitude
33.0234
Longitude
-80.0546

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