10150 17 Summerville, SC 29485
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 10150 17
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summerville
- County
- Charleston
- State
- South Carolina
- Longitude
- -79.476
- Latitude
- 33.095
