Avison Young - South Carolina
Listed by Avison Young - South Carolina
$2,880,000
3668 Trask Parkway
Details
APN R12002600001920000
Property Type Retail
Sub Type Storefront
Square Footage 3,852
Cap Rate 6.25%
Year Built 2025
Retail | 6.25% CAP | 3,852 SqFt
Marketing description
Freestanding, single-tenant restaurant investment leased 1711 Taphouse, featuring a recently completed 2025 buildout and a substantial FF&E package included in the sale. The asset is secured by a full personal guaranty and structured under an absolute NNN lease, with the tenant responsible for taxes, insurance, CAM, utilities, repairs, and maintenance--providing a passive income stream. The property also includes percentage-rent upside and is operated by a regional multi-unit restaurant operator in the Savannah-Beaufort market.The property is strategically located along Trask Parkway (US 21) in a high-demand hospitality and military corridor in Beaufort, South Carolina. It benefits from immediate proximity to multiple hotels, including Hilton-branded properties, with 250+ existing hotel rooms adjacent or across the corridor and an additional 120-room hotel reportedly under construction behind the site. The broader trade area includes approximately 800+ hotel rooms. The location is further supported by strong military-driven demand from nearby Marine Corps Recruit Depot (Parris Island) and MCAS Beaufort, generating year-round visitation from recruits, families, contractors, and tourism traffic.-Absolute NNN lease structure-Full personal guarantor-Hotel adjacent-Military-driven demand from nearby Parris Island & MCAS Beaufort
Listing Contacts
Avison Young - South Carolina
Listed by Avison Young - South Carolina
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Zoning
T5-UC/RMX MixedMixed UseTransect Urban Corridor Regional Mixed Use
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