10150 17 Summerville, SC 29485
This exceptional investment opportunity presents a 2,498 square foot convenience store located at 10150 U.S. 17 in McClellanville, South Carolina, 29458. Currently leased to Circle K under a land lease agreement with zero landlord obligations, the property boasts a strong 4.50% capitalization rate. The lease term extends to April 30, 2027, with four additional five-year renewal options available to the tenant, ensuring long-term income stability. The property's strategic location at a traffic light, coupled with the inclusion of diesel and kerosene pumps, contributes to its high profitability. A significant barrier to entry for competitors further enhances the investment's value. Beyond the existing convenience store, this offering includes an additional 1.08 acres of developable land, expanding the total acreage to 2.27 acres (Lot 1: 1.19 acres with Circle K; Lot 2: 1.08 acres undeveloped). This presents substantial potential for future development and increased return on investment. The asking price for this lucrative retail property is $1,750,000. This is a rare opportunity to acquire a high-performing convenience store with significant expansion potential in a desirable South Carolina location.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.