Building Details

Year Built 1984

Stories 1

Units 1

Tenancy Single

Listing Agency: Net Leased Real Properties

Listed By: Brent Hensley · License #CA 01361112 Show Phone

Source: Crexi

Added: Aug 13 Changed: Oct 12 Last Checked: Oct 14 at 11:31PM

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Investment Insights

Based on property information with market context.

This 3,410-square-foot NNN property was built in 1984 and is leased to Hardee’s under an absolute NNN lease structure. The arrangement assigns landlord responsibilities to the tenant, while a 10% rent increase is scheduled for November 2027. Approximately 6.4 years remain in the primary lease term.

The property occupies nearly 1.0 acre at the signalized intersection of Dorchester Road and Ladson Road in Summerville, within the Charleston MSA. The location records more than 60,000 vehicles per day at the signalized intersection, providing a clearly defined commercial setting for the existing restaurant use.

Key Highlights

• Absolute NNN lease with zero landlord responsibilities
• Hardee’s corporate lease remains in place
• 10% rent increase scheduled for November 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,803

Cap Rate

3.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,136,060 $1.1M

Cap Rate 7%

$811,471 $811.5K

Cap Rate 9%

$631,144 $631.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,410 SF

Gross rent

$79.0K $23.16/SF

− Vacancy

−$3.2K −$0.95/SF

EGI

$75.7K $22.21/SF

− OpEx

−$18.9K −$5.55/SF

NOI

$56.8K $16.66/SF

Area

Dorchester County, SC

Vacancy

4.10%

Lease Rate

$23.16 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,136,060

Cap Rate 7%

$811,471

Cap Rate 9%

$631,144

Alternative Uses

Best Use

Specialty Retail

$811.5K

$710.0K – $946.7K (±1% cap)

NOI $56,803 @ 7.0% cap · market cap 3.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.55M

$2.23M – $2.98M (±1% cap)

NOI $178,636 @ 7.0% cap · market cap 10.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hardee's Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Parking Lot & Garage Law Firm HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60,000 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

832

Businesses Nearby

Explore this area Business Placement

Demographics for 29485, SC

57,181

Population

23,382

Households

2.4

Avg Household Size

38

Median Age

35%

College-Educated

94%

High-School Grad

48.6 sq mi

ZIP Area

1,177

Density / Sq Mi

$83,287

Median Household Income

$47,371

Median Earnings

$1,473

Median Rent

$311,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Corporate Hardee’s lease provides an absolute NNN structure with no landlord responsibilities.

Where is this nnn property located?

The property is located at 10005 Dorchester Road Summerville, SC.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Absolute NNN lease with zero landlord responsibilities; Hardee’s corporate lease remains in place; 10% rent increase scheduled for November 2027