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2-Tenant Strip Center | NNN Leases 413 Drive in Ln
2,800 SF 100% Leased Retail Building Moncks Corner, SC 29461 £1,208,948 (£432/SF) 6.15% Net Initial Yield
Investment Highlights
- Excellent Location in Prominent Retail Corridor
- Thriving Retail Hub
- NNN Leases with Minimal Landlord Responsibilities
- Prime Location with High Visibility
- Stable Investment with low Maintenance
- Situated in the Charleston MSA, the third largest in the state, the area benefits from the growth of key developments
Executive Summary
As a stable investment opportunity, this property is anchored by the established national brand, Jimmy John’s, which has become a household name since its founding in 1983. With over 2,700 locations, 98% of which are franchises, the brand showcases a successful expansion model supported by a robust franchise network. The tenants operate under NNN leases, significantly reducing the landlord's responsibilities and involvement. Jimmy John’s lease includes rental increases every five years and offers four additional five-year renewal options, while the Fish Bowl Ice Cream Shop has a five-year term with annual increases and two renewal options. Recently constructed to meet tenant specifications, the building provides an efficient and tailored operational space, further enhancing its long-term stability and appeal as an investment.
Property Facts
Amenities
- Freeway Visibility
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Fishbowl Ice Cream Shop
- Accommodation and Food Services
- 1,432 SF
- -
- NNN
- -
They're simple. They're fresh. They're fast. The Jimmy John’s concept has remained largely unchanged since 1983, and today, they're one of America’s fastest-growing restaurant brands. Most importantly, people love their food – rooted in innovation with bold and unexpected sandwich experiences to keep them coming back for more! They've sold franchise units, and they have lots of room to grow their brand.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Fishbowl Ice Cream Shop | Accommodation and Food Services | 1,432 SF | - | NNN | - | |
Accommodation and Food Services | 1,255 SF | - | NNN | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 123-00-04-120 | Improvements Assessment | £56,449 |
Land Assessment | £12,616 | Total Assessment | £69,066 |
PROPERTY TAXES
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2-Tenant Strip Center | NNN Leases | 413 Drive in Ln
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