413 Drive in Ln - Storefront Retail/Office FOR SALE


Moncks Corner, SC 29461
$1,541,219 USD
408-510-9057
413 Drive in Ln, Moncks Corner, SC for Sale
$1,541,219 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.15% Cap Rate

413 Drive in Ln
Moncks Corner, SC 29461


HIGHLIGHTS

  • Excellent Location in Prominent Retail Corridor
  • Prime Location with High Visibility
  • Thriving Retail Hub
  • Stable Investment with low Maintenance
  • NNN Leases with Minimal Landlord Responsibilities
  • Situated in the Charleston MSA, the third largest in the state, the area benefits from the growth of key developments

OVERVIEW

This prime retail opportunity features a brand-new two-tenant strip center anchored by Jimmy John’s Sandwiches, strategically located directly in front of a Walmart Supercenter. Flanked by well-known establishments like Verizon and Murphy Oil, this site guarantees high visibility and a steady flow of customer traffic. The center benefits from excellent accessibility, situated just off the busy N US Hwy 52, which sees an impressive daily traffic count of 27,355 vehicles. Surrounded by a diverse array of retailers, including Firehouse Subs, Dollar Tree, and T-Mobile, this thriving retail hub attracts a wide variety of shoppers each day. Additionally, the Charleston MSA—one of the largest in the state—is poised for strategic economic growth, thanks to key developments like the Berkeley County Commerce Park and the Volvo Cars plant, fostering business expansion and job creation in the area. As a stable investment opportunity, this property is anchored by the established national brand, Jimmy John’s, which has become a household name since its founding in 1983. With over 2,700 locations, 98% of which are franchises, the brand showcases a successful expansion model supported by a robust franchise network. The tenants operate under NNN leases, significantly reducing the landlord's responsibilities and involvement. Jimmy John’s lease includes rental increases every five years and offers four additional five-year renewal options, while the Fish Bowl Ice Cream Shop has a five-year term with annual increases and two renewal options. Recently constructed to meet tenant specifications, the building provides an efficient and tailored operational space, further enhancing its long-term stability and appeal as an investment.

FOR SALE DETAILS

PRICE

$1,541,219 USD

PRICE/SF

$550 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Strip Center | NNN Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C2 - General Commercial

APN/PARCEL ID

123-00-04-120

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.