100 Buckwalter Pkwy Bluffton, SC 29910
- Retail properties
- 6,000 SF
- 0.28 lot acres
Current Use by Public Records
- Outback Steakhouse / Takeout Restaurant / Restaurant
- Watercrest Senior Living Bluffton / Assisted Living Facility
- Z&OCash Advance / Finance Broker
Property Details for 100 Buckwalter Pkwy
- Year built
- 2006
- Lot size
- 0.28 lot acres
- Property size
- 6,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 6,000 square foot free-standing building, currently 100% occupied by an Outback Steakhouse under a triple-net (NNN) lease. Located at 100 Buckwalter Pkwy, Bluffton, SC 29910, this property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $194,612. The lease commenced on November 30, 2023, and includes two five-year renewal options, ensuring long-term stability. Situated on a 0.28-acre lot within the Berkeley Place shopping center, the property benefits from ample surface parking and a prime location near Highway 278, Palmetto Bluff, and Hilton Head Island. Built in 2006, the building is zoned GC (General Commercial) and features a desirable location within a thriving retail center anchored by a Cinemark movie theatre and TD Bank. The property's strong tenant history and favorable lease terms make it an attractive investment prospect. The asking price is $3,200,000. Property tax parcel number is R614-022-000-0860-0031.
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
- Bluffton
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.9107
- Latitude
- 32.2841
