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    2515 Main St Summerville, SC 29486

    Sponsored
    For Sale
    $1,847,090

    Summerville, SC Retail Property - Strong Tenant

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 3,500-square-foot freestanding Sherwin-Williams store in Summerville, South Carolina. Located at 2515 N Main St, this single-tenant, net-lease property sits on a 0.53-acre lot within the thriving Carnes Crossroads development, a planned community encompassing 4,500 residential units and various commercial amenities. The property boasts a strong 10-year net lease, commencing September 1, 2019, and expiring August 31, 2029, with a remaining lease term of approximately 4.7 years. The lease includes eight five-year renewal options, each with an 8% rent increase. The building, constructed in 2019, currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $101,590 and a 5.50% cap rate. The asking price is $1,847,090. The property's prime location benefits from high visibility on N Main Street, experiencing a significant daily traffic volume. Nearby retailers include East Bay Deli, Dunkin’ Donuts, Polly’s Fine Jewelry, Jersey Mike’s, Fleet Feet, and others, further enhancing the property's desirability and investment potential. This is a rare opportunity to acquire a well-performing, net-leased retail property anchored by a national brand in a rapidly growing community. The property's strong tenant, long-term lease, and favorable location make it an attractive addition to any investment portfolio.

    Property Features for 2515 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,500 SF
    Lot Size
    23,087 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location with 44,000 vehicles per day (VPD) on N Main Street, Summerville.
    • Located within the Carnes Crossroads Development, a planned community with 4,500 residential units.
    • Offers eight (8) five‑year lease options.
    • Backed by a corporate guaranty.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Paint Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Dental Office Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.097337696777
    Latitude
    33.058102827205

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    FAQs

    What type of property is this?
    Individual retail property - Summerville, SC Retail Property - Strong Tenant
    Where is this individual retail property located?
    The property is located at 2515 Main St Summerville, SC.
    What is the asking price?
    The asking price for this property is $1,847,090.
    What are key features of this property?
    This property features: High-traffic location with 44,000 vehicles per day (VPD) on N Main Street, Summerville.; Located within the Carnes Crossroads Development, a planned community with 4,500 residential units.; Offers eight (8) five-year lease options.
    Request Owner's contact information
    2515 Main St Summerville, SC 29486
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    Summerville, SC 29486
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2515 Main St Summerville, SC 29486
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