287 Lee St, Johnston, SC 29832

This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 287 Lee St, Johnston, SC 29832. The 9,180 square foot building, constructed in 2007 and renovated in 2019, sits on a 0.81-acre lot. Currently 100% occupied by Citi Trends, a publicly traded national retailer with approximately 600 stores, the property offers a strong, stable income stream. The gross lease features a remaining term of approximately 1.5 years, followed by options with significant rent increases (5%, 15%, and 10%). The current rent is $5.25 per square foot, significantly below market value, presenting substantial upside potential for increased net operating income (NOI). The property boasts a low basis of $65 per square foot, making it an attractive investment. The strategic location in Johnston, SC, within the Augusta MSA, benefits from proximity to major transportation routes and a strong demographic profile, with approximately 92,000 people within a 30-minute drive and average household incomes of approximately $75,000 within a 10-minute radius. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment opportunity with significant potential for long-term growth. The asking price is $600,000, with a current NOI of $26,953.