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Port Royal Sale Leaseback Opportunity

86 SC-128, Beaufort, SC 29906

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For Sale

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Corner property with high traffic and leaseback to thriving business.

Type:Office

Property size:

2,128 SF

Lot size:

0.67 Acres

Price / SF:

$265/SF

HighLights

High Cap Rate: Enjoy an exceptional investment opportunity with an 8% cap rate.
Sale‑Leaseback: Provides immediate income stream with a 5‑year lease to a thriving business.
NNN Lease: Minimizes landlord responsibilities with a NNN lease structure.
High Traffic Location: Corner property benefits from an estimated 20,000 vehicles per day.
Large Lot: Sits on 2/3rds of an acre with gracious parking.
No Restrictions: Not in an HOA or Special Hazard Flood Area.

We can help!

Listing Contact

Will Achurch, CCIM

Learn more

For Sale

Contact for pricing

Corner property with high traffic and leaseback to thriving business.

Type:Office

Property size:

2,128 SF

Lot size:

0.67 Acres

Price / SF:

$265/SF

Added:: Oct 8, 2024
Days on Market:: 620
Last Refresh:: May 12 at 8:51 pm

Property Features for 86 SC-128

General Information

Standard status: Active
Size: 2,128 SF
Lot size: 0.67 Acres
Property subtype: Office

Building Details

Year Built: 2004

We can help!

Listing Contact

Will Achurch, CCIM

Listing agent Will Achurch, CCIM License #SC 100920 & GA 432657

Listing office The HomesFinder Realty Group

Listing date Oct 8, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The HomesFinder Realty Group

HighLights

High Cap Rate: Enjoy an exceptional investment opportunity with an 8% cap rate.
Sale‑Leaseback: Provides immediate income stream with a 5‑year lease to a thriving business.
NNN Lease: Minimizes landlord responsibilities with a NNN lease structure.
High Traffic Location: Corner property benefits from an estimated 20,000 vehicles per day.
Large Lot: Sits on 2/3rds of an acre with gracious parking.
No Restrictions: Not in an HOA or Special Hazard Flood Area.

Overview

This corner property in Port Royal, situated on 2/3rds of an acre, offers an investment opportunity with a cap rate of 8. The property benefits from gracious parking and an estimated daily traffic count of 20,000 vehicles per day. The property, comprising 2128 square feet, is not subject to HOA restrictions and is not located in a Special Hazard Flood Area. Leaseback terms include a base rent of $2,967 per month, NNN, for a duration of 5 years to a thriving hardscape business.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.0k	$21.60
− Vacancy	−$6.9k	−$3.24
EGI	$39.1k	$18.36
− OpEx	−$9.8k	−$4.59
NOI	$29.3k	$13.77

2,128 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$418.6K

$366.3K – $488.4K (±1% cap)

NOI $29,303 @ 7.0% cap · market cap 5.19%

Second Best

—

no second resolved use

Theoretical Best

Office A

$642.0K

$561.8K – $749.1K (±1% cap)

NOI $44,943 @ 7.0% cap · market cap 7.95%

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

Location Intelligence

Current Use by Public Records

Office buildings

Map

City: Beaufort
County: Beaufort
State: South Carolina
Longitude: -80.7468
Latitude: 32.4165

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For sale
Office buildings
SC
Beaufort
29906
86 SC-128

What type of property is this?

Office building - Corner property with high traffic and leaseback to thriving business.

Where is this office building located?

The property is located at 86 SC-128 Beaufort, SC.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: High Cap Rate: Enjoy an exceptional investment opportunity with an 8% cap rate.; Sale‑Leaseback: Provides immediate income stream with a 5‑year lease to a thriving business.; NNN Lease: Minimizes landlord responsibilities with a NNN lease structure.