431 St James Ave Goose Creek, SC 29445

Property Details for 431 St James Ave

Year built

2002

Lot size

1.02 lot acres

Property size

3,280 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a 3,280 square foot Huey Magoo's restaurant located at 431 St James Ave, Goose Creek, South Carolina 29445. The property is situated on a 1.02-acre lot in a high-traffic area at a signalized intersection with 47,800 vehicles per day. The building, constructed in 2002 and renovated in 2024, operates under a Net Lease (NNN) agreement with a franchisee tenant. The lease commenced August 1, 2023, and has a remaining term of 8.8 years, with four 5-year renewal options. The current asking price is $2,452,870, offering a 5.75% cap rate and a strong net operating income (NOI) of $141,040. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The property is zoned PD and benefits from its proximity to major retailers such as Big Lots, Zaxby's, Lidl, Aldi, Walmart, Wendy's, McDonald's, Arby's, 7-Eleven, Lowe's, and Chick-fil-A, further enhancing its desirability and potential for future appreciation. The location is easily accessible via St. James Avenue (Highway 176), connecting Goose Creek to Northern Summerville and Moncks Corner, and Gainsborough Road, which provides access to the large Crowfield Plantation community. This single-story building offers a secure, long-term investment opportunity with a proven tenant and strong market fundamentals.

Location Insight

City

Goose Creek

County

Berkeley

State

South Carolina

Longitude

-80.0546

Latitude

33.0234