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287 Lee St Johnston, SC 29832

For Sale
$600,000

100% Occupied, Single-Tenant Retail

Property size:
9,180 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 287 Lee St, Johnston, SC 29832. The 9,180 square foot building, constructed in 2007 and renovated in 2019, sits on a 0.81-acre lot. Currently 100% occupied by Citi Trends, a publicly traded national retailer with approximately 600 stores, the property offers a strong, stable income stream. The gross lease features a remaining term of approximately 1.5 years, followed by options with significant rent increases (5%, 15%, and 10%). The current rent is $5.25 per square foot, significantly below market value, presenting substantial upside potential for increased net operating income (NOI). The property boasts a low basis of $65 per square foot, making it an attractive investment. The strategic location in Johnston, SC, within the Augusta MSA, benefits from proximity to major transportation routes and a strong demographic profile, with approximately 92,000 people within a 30-minute drive and average household incomes of approximately $75,000 within a 10-minute radius. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment opportunity with significant potential for long-term growth. The asking price is $600,000, with a current NOI of $26,953.

Property Features for 287 Lee St

General Information

Property type
Individual retail properties
Square Feet
9,180 SF
Lot Size
35,284 SF

Building Details

Year Built/Renovated
2007/2019
Buildings
1
Stories
1
Units
1

HighLights

  • Net‑leased Citi Trends property in Johnston, SC, within the Augusta MSA.
  • Strong tenant: Publicly traded Citi Trends (CTRN) with ~600 stores nationwide.
  • Favorable lease terms: 1.5 years remaining, followed by options with 5%, 15%, and 10% rent increases. Current rent is $5.25/SF gross.
  • Excellent investment opportunity: Low $65/SF basis offers substantial NOI growth potential.
  • Prime location: Johnston, SC provides access to major transportation routes and is centrally located between Augusta, GA and Columbia, SC.
  • Strong demographics: ~92,000 people within a 30‑minute drive, with average household incomes of ~$75,000 within 10 minutes.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Citi Trends Clothing Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Johnston
County
Edgefield
State
South Carolina
Longitude
-81.797102588796
Latitude
33.82591005535

FAQs

What type of property is this?
Individual retail property - 100% Occupied, Single-Tenant Retail
Where is this individual retail property located?
The property is located at 287 Lee St Johnston, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Net-leased Citi Trends property in Johnston, SC, within the Augusta MSA.; Strong tenant: Publicly traded Citi Trends (CTRN) with ~600 stores nationwide.; Favorable lease terms: 1.5 years remaining, followed by options with 5%, 15%, and 10% rent increases. Current rent is $5.25/SF gross.
More about this property
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