24 Sheridan Park CirBluffton, SC 29910

This 7,680 square foot warehouse in Bluffton, South Carolina, presents a compelling investment opportunity. Located at 24 Sheridan Park Circle, this property boasts a strong 5.5% cap rate based on a current NOI of $74,262.96. The building, constructed in 1996, includes approximately 6,000 square feet of warehouse space and an additional 1,680 square feet of fenced, improved outside storage. Currently leased to Site One Landscape Supply, Inc. (NYSE: SITE), a major player in the landscaping industry, the lease features three percent annual rent bumps and a five-year renewal option expiring in Q1 2028, with one additional five-year renewal option available. The property benefits from a historically strong location with significant barriers to entry, ensuring solid rent growth. The blended rate of $9.66/SF/YR (NNN) reflects the combined value of the front retail/warehouse and rear storage areas. Situated in a service industry pocket near Hilton Head Island, the property enjoys high visibility due to its proximity to I-278, which sees 55,400 vehicles per day. This is an ideal investment for those seeking a stable, high-return property with significant upside potential. The asking price is $1,350,000.