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Verizon Wireless 1314 Hwy 278 4,700 SF Retail Building Bluffton, SC 29910 $3,700,000 ($787.23/SF) 6.08% Cap Rate
Investment Highlights
- Investment-Grade National Credit Tenant - Verizon Wireless is one of the largest wireless service providers in the U.S., backed by Cellco Partnership
- Strong Remaining Term with Built-In Upside - Approximately 5 years remaining on the current term with one (1) five-year renewal option
- Proven Consumer Traffic and Location Performance - Placer.ai ranks the subject site in the 67th percentile nationally, reflecting solid foot traffic
- Attractive Double Net (NN) Lease Structure -Double net lease with landlord responsible for roof and structure only, providing minimal responsibilities
- High-Visibility, Signalized Retail Corridor - Positioned along Fording Island Road, a dominant commercial thoroughfare with 57,000± vehicles per day
- Affluent and Growing Coastal Market - Located in Bluffton, SC, one of South Carolina’s fastest-growing communities
Executive Summary
Investment-Grade National Credit Tenant - Verizon Wireless is one of the largest wireless service providers in the U.S., backed by Cellco Partnership corporate guaranty, offering strong credit and long-term income stability
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,700 SF
Building Class
B
Year Built
1988
Price
$3,700,000
Price Per SF
$787.23
Cap Rate
6.08%
NOI
$225,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.02 AC
Zoning
6616
Parking
18 Spaces (3.82 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | R600-040-000-0008-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $88,210 |
Property Taxes
Parcel Number
R600-040-000-0008-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$88,210
Contacts
-
Deno Bistolarides -
Alex Alyas -
Michael Gaggo -
Matthew Franciosi -
Encore Real Estate Investment Services
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Verizon Wireless | 1314 Hwy 278
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