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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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