Property summary
This exceptional investment opportunity presents a fully leased shopping center in Moncks Corner, South Carolina, at 1010 Old Hwy 52, zip code 29461. Currently boasting a 100% occupancy rate and a strong net operating income (NOI) of $84,000, resulting in a compelling 6.46% capitalization rate, this multi-tenant property is priced at $1,300,000. The property primarily operates under gross lease agreements, offering a significant upside potential. As lease renewals approach in 2024, there's a prime opportunity to transition to triple-net (NNN) leases and increase rental rates, currently slightly below market value. This presents a clear path to enhance profitability. The seller is also open to packaging this property with another fully leased strip mall located at 102 Berkeley Square Ln. in Berkeley County. This presents a unique opportunity to acquire a portfolio of stable, high-performing retail assets in a desirable South Carolina location. This is an excellent opportunity for investors seeking strong cash flow and future appreciation.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Spa & Massage Center Skin Care Clinic
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Church
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Bakery Specialty Food Shop
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Moncks Corner market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MONCKS CORNER - C-2 · Moncks Corner, SCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MONCKS CORNER - C-2 in Moncks Corner, SC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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