0 Scholar WaySummerville, SC 29486

Property Details for 0 Scholar Way

Year built

2024

Lot size

1.54 AC

Property size (Sq ft)

4,650 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a newly constructed, 4,650 square foot 7-Eleven convenience store located in Summerville, South Carolina. Situated within the Nexton master-planned community, recently recognized as the "Best Mix-Use Development in the United States," this Class A property boasts a prime location. The property features a 15-year NNN lease with a 10% rent increase every five years and four 5-year renewal options, ensuring long-term stability and predictable cash flow. The 1.54-acre lot is strategically positioned near Nexton Elementary School and a Harris Teeter shopping center, with a Publix center soon to open nearby. Excellent access to Interstate 26 and Highway 176 further enhances its appeal. The property's strong financial performance is highlighted by a 5.10% cap rate and a net operating income (NOI) of $458,347. The asking price is $8,987,212, translating to a price per square foot of $1,932.73. This single-tenant, 100% occupied property offers a compelling investment opportunity in a rapidly growing area of the Charleston MSA, fueled by significant industrial development and population growth. The property's zoning is PD-MU. The building, constructed in 2024, is a single-story structure. This is a rare opportunity to acquire a high-performing, newly built 7-Eleven in a thriving market.

Location Insight

City

Summerville

County

Dorchester

State

South Carolina

Latitude

33.0639

Longitude

-80.1508

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