Sherwin Williams 10-Year NN Lease Summerville, SC

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30797825
Property Subtypes: Retail-Pad, Other
Status: Pending
Building Size (RSF): 3,500 SF
Gross Land Area: 0.53 Acres
Sale Price: $2,257,555
Unit Price: $645.02 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sherwin Williams
Sale Terms: Cash to Seller
Cap Rate: 4.5%
Last Updated: 6/23/2022

Overview / Comments

Oswald Cooke & Associates is pleased to offer the Sherwin Williams located at 2515 N Main Street, Summerville, SC for sale. The 10-Year NN lease commenced in September 2019 and offers (8) 5-Year renewal options with 8% rent escalations at each option. The 3,500 SF retail building is situated on 0.53 acres and is a part of the Carnes Crossroads development. Carnes Crossroads is a thoughtfully planned community that offers housing (4,500 homes) for all ages, commercial amenities to meet the needs of local residents, as well as office space and medical office. Some of the retailers in the area include East Bay Deli, Dunkin’ Donuts, Polly’s Fine Jewelry, Jersey Mikes, Fleet Feet, Harris Teeter (Coming Soon), Exxon, Sunoco, and many others.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 73 - G.Creek/M.Corner Hwy.17a to Hwy.52
Tax ID/APN: 222-00-00-212
Year Built: 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,612 37,341 93,508
Median Age: 29.08 34.58 35.07
Households: 644 13,683 34,191

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