509 Is Park Bluffton, SC 29910
- Retail properties
- 24,881 SF
- 14.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 509 Is Park
- Year built
- 2010
- Lot size
- 14.81 lot acres
- Property size
- 24,881 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, Class A, 24,881 square foot retail storefront in Bluffton, South Carolina. The property, built in 2010 and situated on a 14.81-acre lot (APN R600-021-000-0233-0000), is currently 100% occupied by a credit-rated Goodwill Industries under a triple-net (NNN) lease with a corporate guarantee. The lease, with a remaining term of approximately 4.4 years, expires April 30, 2029, and includes options for 3 or 5-year extensions. This single-tenant property boasts a strong 6.25% cap rate and a price per square foot of $299.34, reflecting its prime location and the tenant's regional hub status in Northeastern South Carolina. The property is zoned 6606 and benefits from a robust local market with a strong 2% annual population growth. The NNN lease structure ensures minimal landlord responsibilities, making this an attractive, low-maintenance investment. This well-maintained facility represents a secure and stable investment opportunity in a thriving coastal South Carolina market. The asking price is $7,448,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bluffton
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.9204
- Latitude
- 32.2888
