3305 5 St Summerville, SC 29483
- Retail properties
- 4,694 SF
- 2.33 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3305 5 St
- Year built
- 2024
- Lot size
- 2.33 lot acres
- Property size
- 4,694 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 4,694-square-foot convenience store and gas station in Summerville, South Carolina. Located at 3305 W 5th N St, this Class A property boasts 20 gas pumps and ample parking (24 spaces) on a 2.33-acre lot. The property is 100% occupied under a 20-year absolute triple-net (NNN) lease, commencing July 1, 2024, with a 2% annual rent increase. The current Net Operating Income (NOI) is $516,544, yielding a 6.25% cap rate. The lease includes five 5-year renewal options, providing long-term stability and predictable cash flow. Built in 2024, this state-of-the-art facility benefits from its location within the Charleston MSA, a rapidly expanding metropolitan area. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant upside potential in a thriving market. The asking price is $8,264,704.
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
- Summerville
- County
- Dorchester
- State
- South Carolina
- Longitude
- -80.2517
- Latitude
- 33.0691
