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 |
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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