1 Lafayette PlHilton Head Island, SC 29926

Property Details for 1 Lafayette Pl

Year built

1999

Lot size

1.10 AC

Property size (Sq ft)

7,059 SF

Zone code

6615

Property type

Retail properties

Property subtype

Banks

APN

R510 008 000 0415 0000

APU

R51000800004150000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,479 square foot, Class A, single-tenant retail property located at 1 Lafayette Pl, Hilton Head Island, SC 29926. The property is currently 100% occupied by Truist Bank, a financially strong tenant with a corporate guarantee and an S&P rating of A-. The absolute NNN lease features annual rent increases tied to the Consumer Price Index (CPI), providing a hedge against inflation. The lease has a remaining term of 3 years with two 5-year options. The property boasts a strong 7.00% cap rate and a net operating income (NOI) of $200,480, with an asking price of $2,864,000 ($442.04 per square foot). Built in 1999, this one-story building sits on a 1.1-acre lot within the affluent Indigo Run Plantation, a 1,700-acre mixed-use development featuring resort-style architecture and amenities including office, retail spaces, golf courses, tennis, and boating facilities. The property benefits from its prime location at the corner of Indigo Run Dr and Lafayette Place, just off William Hilton Pkwy (33,000 vehicles per day), and its proximity to other national retailers such as Harris Teeter, Publix, Walmart, Barnes & Noble, PetSmart, and HomeGoods. The surrounding area demonstrates strong demographics, with over 33,000 residents within a 5-mile radius and an average household income nearing $150,000. The Bluffton/Hilton Head MSA is experiencing rapid growth, making this a compelling investment in a high-demand location. The property includes three covered drive-thru lanes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,150,203

  6.5%

  $1,984,802

  7%

  $1,843,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,590,297

  Geo Method

  $1,209,808

• Alternative Use

  Use

  Valuation

  Residential

  $1,674,255

  Hospitality

  $1,533,609

  Educational

  $1,275,944

  Medical

  $1,319,826

  Retail

  $1,984,802

Location Insight

City

Hilton Head Island

County

Beaufort

State

South Carolina

Latitude

32.2132

Longitude

-80.7201

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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