1804 Crowne Cmns Way Johns Island, SC 29455
This exceptional 4,600 square foot restaurant is located at 1804 Crowne Commons Way, Johns Island, SC 29455, in the Crowne Commons development off Maybank Highway. The property boasts a beautiful, professional build-out designed for high volume, with a seating capacity of 120 inside and an additional 48 seats on the patio. Historical sales exceed $3 million, reflecting the property's strong performance. The current lease, with three five-year renewal options, expires in July 2028. The base rent is $28.37 per square foot, triple net (NNN), resulting in a total monthly rent of approximately $14,000. Ample parking is available in a large shared lot. The asking price for the business, fixtures, furniture, and equipment (FF&E), and lease assignment is $875,000. The business will remain operational until November 18, 2024. This is a truly turnkey opportunity for an established restaurant operator or someone looking to launch their own concept. The property is zoned commercial and is situated in Charleston County. The replacement cost for the build-out is estimated at $2 million.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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