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Take 5 Oil Change | New 15yr Abs NNN Grd Lse 3675 Savannah Hwy 1,500 SF Retail Building Johns Island, SC 29455 $1,988,000 ($1,325.33/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction | 15-Year Absolute NNN Ground Lease | Scheduled 10% Rental Increases | Options To Extend | Strong Franchisee Guaranty
- Dense Retail Corridor | Adjacent To West Ashley Place
- $138k+ AHHI | Direct Residential Consumer Base
- Premier Frontage | High Visibility Corridor
- New Development On Johns Island
- Charleston MSA | Proximity To Downtown
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest in a brand-new, Absolute NNN Ground-Leased retail property located on Johns Island, South Carolina. The lease is secured by a 15-year term with three (3) 5-year renewal options, and features 10% rental increases every five years throughout the initial term and at the beginning of each option, providing built-in NOI growth and inflation protection. The lease includes a guaranty from ClayCon Oil, LLC, one of Take 5’s largest franchisees and the recipient of Take 5’s Franchisee of the Year award in 2024. With the tenant responsible for all expenses including taxes, insurance, and maintenance, the lease offers zero landlord responsibilities, ideal for passive or out-of-state investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$1,988,000
Price Per SF
$1,325.33
Cap Rate
6%
NOI
$119,274
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.94 AC
Zoning
Commercial
Parking
7 Spaces (4.67 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 285-00-00-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,220 |
PROPERTY TAXES
Parcel Number
285-00-00-018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,220
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Take 5 Oil Change | New 15yr Abs NNN Grd Lse | 3675 Savannah Hwy
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