CVS (Maybank Hwy) - Johns Island, SC | 2803 Maybank Hwy
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CVS (Maybank Hwy) - Johns Island, SC 2803 Maybank Hwy
9,798 SF Retail Building Johns Island, SC 29455 $4,328,421 ($442/SF) 4.75% Cap Rate
Investment Highlights
- Absolute Triple Net Lease (NNN) With 10+ Years Remaining
- Superior Location Off Maybank Hwy and River Road, Seeing Over 26,000 VPD
- CVS Has Demonstrated a Long-Term Commitment to this Location Since 2005, Highlighting its Confidence in the Property
- Strong Rental Increases - 5% at Options
- Harris Teeter-Anchored Retail Center Currently Under Development, Positioned Across River Road
- CVS Has Over 9,000 Locations in the U.S. and is One of the Largest Pharmacy Chains in the Country, With Stores in Nearly Every State
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,798 SF CVS Located at 2803 Maybank Highway in Johns Island, SC. This Deal Includes an Absolute Triple Net Lease (NNN) With 10+ Years Remaining and Strong Rental Increases at Options, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,798 SF
Building Class
B
Year Built
1999
Price
$4,328,421
Price Per SF
$442
Cap Rate
4.75%
NOI
$205,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.78 AC
Zoning
GB - General Business
Parking
60 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- CVS
- Health Care and Social Assistance
- 9,798 SF
- $20.98
- Triple Net
- Jun 2035
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| CVS | Health Care and Social Assistance | 9,798 SF | $20.98 | Triple Net | Jun 2035 |
PROPERTY TAXES
| Parcel Number | 313-00-00-165 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $231,000 |
PROPERTY TAXES
Parcel Number
313-00-00-165
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$231,000
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CVS (Maybank Hwy) - Johns Island, SC | 2803 Maybank Hwy
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