413 Drive In Ln Moncks Corner, SC 29461

Property Details for 413 Drive In Ln

Year built

2023

Lot size

0.55 lot acres

Property size

2,687 SF

Property type

Retail space

Property subtype

Storefront properties

Description

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.

Location Insight

City

Moncks Corner

County

Berkeley

State

South Carolina

Longitude

-79.98472133

Latitude

33.20782549