9 Promenade St Bluffton, SC 29910

Property Details for 9 Promenade St

Property type

Commercial real estate

Description

This exceptional investment opportunity presents two commercial condominiums located within the thriving Calhoun Street Promenade in Bluffton, South Carolina. Currently occupied by a long-term, stable tenant under a triple-net (NNN) lease, this property offers a compelling 6% cap rate, projected to increase to 8% upon lease option renewal. The Promenade itself is a highly successful mixed-use center, home to a diverse range of established local and national businesses, ensuring consistent foot traffic and visibility. Situated in the heart of Bluffton, this property benefits from the town's renowned charm, walkability, and vibrant community events, attracting both local residents and tourists. The location provides excellent national exposure, further enhancing its investment potential. Historical data indicates that the Promenade has experienced impressive average annual property value appreciation ranging from 5% to 17% over the past 14 years, suggesting strong potential for future growth. This offering presents a rare chance to acquire a stable, high-yield investment in a prime Bluffton location with a proven track record of success and significant upside potential. The property is priced at $1,290,000. The lot size is 0 acres. The property type is General Commercial. The specific square footage is not provided.

Location Insight

City

Bluffton

County

Beaufort

State

South Carolina

Longitude

-80.862

Latitude

32.2384