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Restaurant

2-Tenant Retail | Moncks Corner, SC

413 Drive In Ln, Moncks Corner, SC 29461

Listing Price: $1,579,750

Cap Rate
6.00%
Tenant Name
Jimmy John's
Years Remaining On Lease
3.3
Gross SF
2,687
Guarantor
No Guarantee
Rentable SF
2,687
Price/Gross SF
$587.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.28

Investment Overview

This prime retail opportunity features a brand-new two-tenant strip center anchored by Jimmy John’s Sandwiches, strategically located directly in front of a Walmart Supercenter. Flanked by well-known establishments like Verizon and Murphy Oil, this site guarantees high visibility and a steady flow of customer traffic. The center benefits from excellent accessibility, situated just off the busy N US Hwy 52, which sees an impressive daily traffic count of 27,355 vehicles. Surrounded by a diverse array of retailers, including Firehouse Subs, Dollar Tree, and T-Mobile, this thriving retail hub attracts a wide variety of shoppers each day. Additionally, the Charleston MSA—one of the largest in the state—is poised for strategic economic growth, thanks to key developments like the Berkeley County Commerce Park and the Volvo Cars plant, fostering business expansion and job creation in the area.

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.

Investment Highlights

  • A brand-new 2-tenant strip center anchored by Jimmy John's Sandwiches, positioned directly in front of a Walmart Supercenter and flanked by Verizon and Murphy Oil, ensuring steady customer traffic
  • Positioned just off the busy N US Hwy 52, the site sees an impressive 27,355 vehicles per day, providing significant exposure and ease of access.
  • Both tenants operate under NNN leases, ensuring minimal involvement and responsibilities for the landlord.
  • The building has been recently constructed to meet the specific needs of its tenants.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Restaurant

2-Tenant Retail | Moncks Corner, SC

Listing Price: $1,579,750

Cap Rate
6.00%
Tenant Name
Jimmy John's
Years Remaining On Lease
3.3
Gross SF
2,687
Guarantor
No Guarantee
Rentable SF
2,687
Price/Gross SF
$587.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.28

Investment Highlights

  • A brand-new 2-tenant strip center anchored by Jimmy John's Sandwiches, positioned directly in front of a Walmart Supercenter and flanked by Verizon and Murphy Oil, ensuring steady customer traffic
  • Positioned just off the busy N US Hwy 52, the site sees an impressive 27,355 vehicles per day, providing significant exposure and ease of access.
  • Both tenants operate under NNN leases, ensuring minimal involvement and responsibilities for the landlord.
  • The building has been recently constructed to meet the specific needs of its tenants.

Investment Overview

This prime retail opportunity features a brand-new two-tenant strip center anchored by Jimmy John’s Sandwiches, strategically located directly in front of a Walmart Supercenter. Flanked by well-known establishments like Verizon and Murphy Oil, this site guarantees high visibility and a steady flow of customer traffic. The center benefits from excellent accessibility, situated just off the busy N US Hwy 52, which sees an impressive daily traffic count of 27,355 vehicles. Surrounded by a diverse array of retailers, including Firehouse Subs, Dollar Tree, and T-Mobile, this thriving retail hub attracts a wide variety of shoppers each day. Additionally, the Charleston MSA—one of the largest in the state—is poised for strategic economic growth, thanks to key developments like the Berkeley County Commerce Park and the Volvo Cars plant, fostering business expansion and job creation in the area. 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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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