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Property profile & analytics
OFF-MARKET
Retail space

413 Drive In Ln Moncks Corner, SC 29461

2,687 SF 0.55 ac lot Built 2023
Entity Owned 5-yr Hold
Property ID
US77-0909358
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, two-tenant retail strip center in Moncks Corner, South Carolina, boasting a 6.00% capitalization rate. Located at 413 Drive In Ln, this 2,687 square foot property sits on a 0.55-acre lot and is 100% occupied by Subway, Jimmy John's Sandwiches, and Jersey Mike's. The center enjoys a prime location directly across from a Walmart Supercenter, providing exceptional visibility and high traffic volume. Situated off busy N US Hwy 52, with a daily traffic count of 27,355 vehicles, the property benefits from excellent accessibility and exposure. Surrounding businesses include Verizon, Murphy Oil, Firehouse Subs, Dollar Tree, and T-Mobile, creating a thriving retail environment. Built in 2023, the property features NNN leases with built-in rent bumps, minimizing landlord responsibilities and ensuring long-term stability. The Charleston MSA's robust economic growth, fueled by developments like the Berkeley County Commerce Park and the Volvo Cars plant, further enhances the investment's potential. The established national brand, Jimmy John's, anchors the property, providing a strong and reliable tenant base. This turnkey investment offers a compelling combination of high visibility, strong tenant occupancy, and significant growth potential within a dynamic market. The property's Net Operating Income (NOI) is $94,785, and the asking price is $1,579,750.

Property profile
Verified
Property type Retail space
Year built 2023
Total area 2,687 SF
Lot 0.55 ac (23,958 SF)
UPID US77-0909358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Singletary Insurance Agency Inc. Insurance Agency
  • Jimmy John's Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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by Request
Owner & transaction history
D&d Real Estate LLC · 5 yrs held
D&d Real Estate LLC
since 2021
3 recorded transactions
2023
Price N/A
2022
Price N/A
2021
$310,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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