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Property Description: Excellent NNN investment or 1031 exchange opportunity for this great property on Hilton Head Island! Property is 100% leased to a national tenant through December 31, 2010 with annual NOI of $110,544.00.The building is 9,158 square feet total (8,014 SF GLA/1,144 SF finished storage). Construction is steel frame with stucco on reinforced concrete, asphalt-shingle roof and double-paned windows and includes a concrete vault for records storage. HVAC is electric heat pump and power supplied by two 400-amp panels.
Location Description: Located in the heart of Hilton Head Island, the property is less than one mile from the Highway 278 (William Hilton Parkway) and Palmetto Bay Road intersection. Site has good visibility and exposure from Pope Avenue and 110' frontage on Pope Avenue Executive Park Road. Property is level at grade and heavily treed with mature live oaks, pines and shrubs.