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WhiteWater Express | Mt. Pleasant, SC 1406 Ben Sawyer Blvd 8,000 SF Retail Building Mount Pleasant, SC 29464 $5,200,000 ($650/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-Guaranteed Lease ($400 Million Net Worth)
- Absolute NNN Lease With No Landlord Responsibilities
- Fee-Simple Investment Ideal for Bonus Depreciation (Includes Land and Building)
- Annual Rental Increases
- 20-Year Initial Lease Term With Four 5-Year Options
- WhiteWater Bought the Existing Time to Shine Car Wash, Which Successfully Operated at the Property for 4 Years
EXECUTIVE SUMMARY
20-Year Absolute NNN Corporate Lease | 140+ Unit Multi-State Operator; Full Corporate Guaranty | Affluent Charleston Suburb ($176K AHHI)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,000 SF
Building Class
B
Year Built
2021
Price
$5,200,000
Price Per SF
$650
Cap Rate
6.25%
NOI
$325,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Parking
10 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Time To Shine Car Wash
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Time To Shine Car Wash | Services | - | - | - |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 532-11-00-148 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $187,800 |
PROPERTY TAXES
Parcel Number
532-11-00-148
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$187,800
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WhiteWater Express | Mt. Pleasant, SC | 1406 Ben Sawyer Blvd
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