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10 Target Rd 23,957 SF 75% Leased Industrial Building Hilton Head Island, SC 29928 $6,634,000 ($276.91/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Lee & Associates is pleased to present 10 Target Road, a freestanding commercial building on 1.5 acres in a prime location at the entrance to Sea Pines Resort in the heart of Hilton Head Island. The property is being offered as a sale-leaseback investment opportunity with a 6.5% cap rate. The building is currently used as a showroom for furniture, kitchen, and cabinet displays and offers a functional mix of retail storefront, office, and warehouse space. The layout and features make it ideal for investors seeking a well-located property with showroom exposure, office space, and warehouse/loading access.
PROPERTY FACTS
| Price | $6,634,000 | Lot Size | 1.50 AC |
| Price Per SF | $276.91 | Rentable Building Area | 23,957 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.50% | Year Built/Renovated | 1974/2000 |
| Sale Condition | Sale Leaseback | Parking Ratio | 1.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15’4” |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Commercial - SPC (Sea Pines Commercial) | ||
| Price | $6,634,000 |
| Price Per SF | $276.91 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 23,957 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2000 |
| Parking Ratio | 1.67/1,000 SF |
| Clear Ceiling Height | 15’4” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Commercial - SPC (Sea Pines Commercial) |
AMENITIES
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
UTILITIES
- Lighting - LED
- Water - City
- Sewer - City
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Recent Capital Improvements: · Fire/sprinkler system overhauled (2024) · Complete LED lighting retrofit (2024) · Exterior and interior paint/renovations (2020–2024) · Updated electrical and HVAC systems
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,930 SF | Flex | - | Now |
1st Floor
| Size |
| 5,930 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 5,930 SF |
| Space Use | Flex |
| Condition | - |
| Available | Now |
Recent Capital Improvements: · Fire/sprinkler system overhauled (2024) · Complete LED lighting retrofit (2024) · Exterior and interior paint/renovations (2020–2024) · Updated electrical and HVAC systems
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