Listed by Marcus & Millichap | The Patel Yozwiak Group
$500,000
439 South Jefferies Boulevard
Details
Property Type Retail
Sub Type Storefront
Square Footage 1,200
Cap Rate 100.00%
NOI $32,013
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2044
Remaining Term 17.5
Rent Bumps Yes
Lease Options Two, 5-Year Options
Broker Co-Op True
Year Built 1960
Buildings 1
Stories 1
Acreage 0.220
Tenant Credit Corporate Guarantee
Lease Commencement 01/29/2024
Ground Lease No
Ownership Fee Simple
17.75 Years Remaining on a NNN Lease | Hard, Signalized Corner Location
Marketing description
1,200-SF retail property on 0.22AC lot.
Investment highlights
- SINGLE TENANT RETAIL PROPERTY: 1,200-SF on a 0.22 acre lot.
- 17.75 YEARS REMAINING ON A NEW NNN LEASE: New 20-year triple net lease signed in 2024 extends the lease through 2044 with three percent annual rental increases and two, five-year renewal options. No landlord responsibilities.
- CORPORATE GUARANTEE: Lease is corporately guaranteed by NorthAmerican Title Loans, with over 400 locations across 4 states.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY HARD SIGNALIZED CORNER LOCATION: Located on a hard signalized corner with lighted pylon sign and easy access from both traffic directions.
- MAIN TRAFFIC CORRIDOR: Jefferies Blvd sees 13,800 vehicles per day (VPD), running through downtown Walterboro and into Interstate 95 which sees 47,000 VPD.
- PROXIMITY TO MULTIPLE METRO AREAS: Walterboro is centrally located 1 hour from Charleston,SC, Columbia, SC and Savannah, GA.
- STABLE DEMOGRAPHICS: The population exceeds 15,900 within 5-miles of the property and is projected to increase by 2030. Unemployment is below 3% within 1 mile
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,013.00
$2,667.75/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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