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18985 Lowcountry Hwy 8,320 SF Retail Building Ruffin, SC 29475 $1,282,857 ($154.19/SF) 7% Cap Rate
Investment Highlights
- NN Lease
- 5% increases at each renewal option
- (6) 5-Year Options
Executive Summary
Oswald Cooke & Associates is pleased to offer a 10-Year NN leased Corporate Family Dollar. The lease is fixed during the initial term and offers 5% bumps in all options. Landlord is responsible for roof and structure. The initial term expires March 31, 2029. The 2.5 Acre site is located at the intersection of Bells Highway (Hwy 64) and Lowcountry Hwy (Hwy 21). The site is across the street from Bells Elementary School. The site is ideal for a Family Dollar and offers a rural commuters and local residents a local place to stop. Ruffin is located in Colleton County. Colleton is composed of 14 cities and towns including Walterboro, Edisto Beach, Cottageville, and Round O. The site is only 15 miles from historic, Downtown Walterboro.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
C
Year Built
2019
Price
$1,282,857
Price Per SF
$154.19
Cap Rate
7%
NOI
$89,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
Commercial
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 109-00-00-077 | Improvements Assessment | $980,000 |
| Land Assessment | $300,000 | Total Assessment | $1,280,000 |
Property Taxes
Parcel Number
109-00-00-077
Land Assessment
$300,000
Improvements Assessment
$980,000
Total Assessment
$1,280,000
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