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Krystal 1222 Bells Hwy 2,098 SF 100% Leased Retail Building Walterboro, SC 29488 $1,500,000 ($714.97/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Lease
- 17,900 VPD
- Zero Landlord Responsibilities
EXECUTIVE SUMMARY
Oswald Cooke & Associates is pleased to offer 1222 Bells Highway in Walterboro, SC available to a qualified buyer. The site is subject to a 15-Year absolute NNN corporate lease that commenced in July 2025. The tenant has (3) 5-Year renewal options with 10% rental escalations throughout the term and all options. The site was fully renovated in 2025 and is located on Bells Highway (17,900 VPD) and is surrounded by numerous national retailers including Wal-Mart, Starbucks, Belk, Taco Bell, Bojangles, Cook Out, Arbys, Burger King, Zaxbys and many others. Walterboro, South Carolina, is a small city in Colleton County, located about 50 miles west of Charleston. It’s known for its historic downtown, antique shops, and Southern charm. Walterboro serves as a hub for Colleton County (39,000 people).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,098 SF
Year Built
2020
Price
$1,500,000
Price Per SF
$714.97
Cap Rate
6%
NOI
$90,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
HCD - Highway Commercial District
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Krystal
- Retailer
- 2,098 SF
- $43.00
- Triple Net
- Jun 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Krystal | Retailer | 2,098 SF | $43.00 | Triple Net | Jun 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 147-10-00-118 | Improvements Assessment | $1,340,000 |
| Land Assessment | $450,000 | Total Assessment | $1,790,000 |
PROPERTY TAXES
Parcel Number
147-10-00-118
Land Assessment
$450,000
Improvements Assessment
$1,340,000
Total Assessment
$1,790,000
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Krystal | 1222 Bells Hwy
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