1767 Hwy Mount Pleasant, SC 29464

This exceptional investment opportunity presents a 3,500 square foot Sleep Number storefront located at 1767 North Highway 17, Mount Pleasant, South Carolina, 29464. The property, built in 2019, sits on a 0.42-acre lot and boasts a 100% occupancy rate with a corporate-guaranteed, double net (NN) lease. The current lease, commencing June 29, 2019, and expiring June 30, 2029, has approximately 4.6 years remaining, with two 5-year renewal options, each including a 10% rent increase. The property generates a substantial net operating income (NOI) of $231,044, resulting in a 6.50% cap rate. The asking price is $3,555,000. This prime retail location benefits from high visibility on North Highway 17, experiencing over 51,000 vehicles per day. Its strategic placement across from Indigo Square and adjacent to Mount Pleasant's Town Center ensures significant foot traffic. The surrounding area features a strong demographic profile, with an average household income exceeding $154,447 and a population of 89,935 within a 5-mile radius. Nearby retailers include Publix GreenWise Market, Club Pilates, Corepower Yoga, and many other national brands. This investment offers a secure, high-performing asset with significant long-term potential in a thriving South Carolina market.