100 Buckwalter PkwyBluffton, SC 29910

Property Details for 100 Buckwalter Pkwy

Year built

2006

Lot size

0.28 AC

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 6,000 square foot free-standing building, currently 100% occupied by an Outback Steakhouse under a triple-net (NNN) lease. Located at 100 Buckwalter Pkwy, Bluffton, SC 29910, this property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $194,612. The lease commenced on November 30, 2023, and includes two five-year renewal options, ensuring long-term stability. Situated on a 0.28-acre lot within the Berkeley Place shopping center, the property benefits from ample surface parking and a prime location near Highway 278, Palmetto Bluff, and Hilton Head Island. Built in 2006, the building is zoned GC (General Commercial) and features a desirable location within a thriving retail center anchored by a Cinemark movie theatre and TD Bank. The property's strong tenant history and favorable lease terms make it an attractive investment prospect. The asking price is $3,200,000. Property tax parcel number is R614-022-000-0860-0031.

Location Insight

City

Bluffton

County

Beaufort

State

South Carolina

Latitude

32.2841

Longitude

-80.9107

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