Investment Sale - 10115 Dorchester Road

Retail-Commercial for Sale
Catylist Listing ID: 30277854
Property Subtypes: Restaurant
Building Size (RSF): 2,739 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $2,943,353
Unit Price: $1,074 PSF
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/17/2018

Overview / Comments

Sale/leaseback opportunity for 10115 Dorchester Road in Summerville, SC. This listing is for the sale of the land, building, and related property improvements for the purpose of buyer entering into a long-term absolute net lease agreement with seller. Occupied by Taco Bell, this 2,739sf freestanding new construction building is situated in the thriving Oakbrook community. Current restaurant sales are above projections.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 62 - Summerville/Ladson Area to Hwy.165
Tax ID/APN: 161-00-00-066
Area Description: The town of Summerville is situated mostly in Dorchester County and is part of the 745,000-person Charleston, SC MSA. Summerville is a burgeoning community with a strong local economy, beautifully planned neighborhoods, excellent schools, rich history, and plenty of southern hospitality. In the past thirty years, the population of Summerville has increased exponentially as families, business people, and military personnel continue to flock to charming city.
Year Built: 2018

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,402 62,009 116,691
Median Age: 38.18 34.91 34.88
Households: 1,893 23,145 43,184

Contact

Photograph of Listing Agent

Trey E Lucy, III

Belk / Lucy SCCMLS Member
Photograph of Listing Agent

Blair A Belk

Belk / Lucy SCCMLS Member
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