10520 Dunbarton BlvdBarnwell, SC 29812

Property Details for 10520 Dunbarton Blvd

Property type

Retail properties

Property subtype

Retail space

APN

072-06-04-012

APU

720604012

Description

This fee-simple retail storefront investment presents a compelling opportunity. The property, located at 10520 Dunbarton Blvd, Barnwell, SC 29812, features a 2,000 square foot building on a 0.36-acre lot. Built in 1980, the single-story structure is currently 100% occupied by TitleMax under a Net Net lease with a corporate guarantee. The lease commenced October 16, 2005, and has a remaining term of approximately five years, with two five-year renewal options. The current lease includes rent bumps. The property boasts a strong NOI of $31,505, resulting in a 9.00% cap rate and a price per square foot of $175.03. The asking price is $350,055. This investment offers a long-term, stable income stream with significant upside potential due to the recent lease extension and favorable lease terms. The property's location on Dunbarton Boulevard provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-performing retail property with a strong tenant and a secure future. The property's history with the tenant, coupled with the recent lease extension and option periods, provides a high degree of confidence in the long-term stability of the investment.

Location Insight

City

Barnwell

County

Barnwell

State

South Carolina

Latitude

33.2438

Longitude

-81.3769

Property Tax & Assessments

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