Listing Agency: Marcus & Millichap - San Diego p***@marcusmillichap.com Show Phone

Listed By: Phil Sambazis · License #01474991

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:52PM

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Investment Insights

Based on property information with market context.

This retail space is offered as a ground lease at 256 Sea Island Pkwy in Beaufort, South Carolina. The property carries a 4.85% cap rate and is marketed for sale.

Key Highlights

• Retail ground lease opportunity
• 4.85% cap rate
• 256 Sea Island Pkwy, Beaufort, SC 29907

Property Analytics

Current Use

Murphy USA Gas Station

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Locksmith Pharmacy 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.

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

79k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 68% Dining 16% Shops & Services 11% Electronics 5%

Walmart Superstores

53,321 visits/mo 0.2 miles

Murphy USA Shops & Services

8,657 visits/mo 0.0 miles

Taco Bell Dining

7,395 visits/mo 0.2 miles

Jersey Mike's Subs Dining

5,114 visits/mo 0.1 miles

T-Mobile Electronics

2,208 visits/mo 0.1 miles

Demographics for 29907, SC

14,052

Population

6,217

Households

2.3

Avg Household Size

44

Median Age

48%

College-Educated

95%

High-School Grad

42.3 sq mi

ZIP Area

332

Density / Sq Mi

$90,777

Median Household Income

$50,397

Median Earnings

$1,706

Median Rent

$399,600

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?

Retail space - Ground lease offering with a 4.85% cap rate.

Where is this retail space located?

The property is located at 256 Sea Island Pkwy Beaufort, SC.

What are key features of this property?

This property features: Retail ground lease opportunity; 4.85% cap rate; 256 Sea Island Pkwy, Beaufort, SC 29907