Technical
Financial
Distress signals
Property profile

2727 Highway 17 N Mt Pleasant, SC 29466

FOR SALE
Specialty properties
Property ID
US77-1101537
3,960 SF 0.93 ac lot Built 2012
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a thriving Zips Car Wash located at 2727 N Hwy 17, Mt. Pleasant, SC 29466. The property, built in 2012 and renovated in 2018, boasts 3,960 square feet on a 0.93-acre lot. A 20-year absolute NNN lease, commencing August 28, 2018, and expiring August 31, 2038, offers a substantial 13.8 years remaining. The lease includes annual 1.5% rent bumps, providing inflation protection. The property enjoys 100% occupancy, generating a strong NOI of $464,166 and a 6.60% cap rate. The asking price is $7,035,492, translating to $1,776.64 per square foot. The lease is backed by a corporate guarantee from Zips Car Wash, a national company with over 230 locations. The car wash benefits from a high-traffic location on N Hwy 17, a major thoroughfare with approximately 50,000 vehicles per day, and proximity to Charleston, SC. The site includes 15 vacuum stalls (with expansion potential) and a large, easily accessible tunnel. This offering provides a secure, long-term investment with significant upside potential. The property's strong performance and the tenant's financial stability make this an attractive opportunity for discerning investors. Fee simple ownership allows for potential bonus depreciation benefits (consult your tax professional).

Property profile

Verified
Property type Specialty properties
Year built 2012
Total area 3,960 SF
Lot 0.93 ac (40,511 SF)
UPID US77-1101537

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

2727 Highway 17 N Mt Pleasant, SC 29466
Mt Pleasant metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
2 recorded transactions
2023
$6.7M
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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