9 Promenade St
Bluffton, SC 29910
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy foot traffic and drive by
- NNN lease and a 20 year patio lease from developer which accompanies the property
- Tenant has been in place since 2019
EXECUTIVE SUMMARY
Calhoun Street Promenade in Old Town Bluffton, SC - Two commercial condos in the successful Promenade. With a long term, stable tenant in place and a NNN lease currently offering a 6 cap rate ending with an 8 cap rate at the duration of the option period. Enjoy ownership in this thriving mixed use center and rarely available offerings and home to many successful local and national purveyors. The Promenade has enjoyed between 5-17 percent average annual property value appreciation over the last 14 years. These condos are a prime location in the heart of Bluffton, receiving national exposure for its charming mix of restaurants, shops, walkability & community events.
