Single-Tenant Office

STNL Absolute NNN Sale Leaseback

350 Seacoast Pkwy, Mount Pleasant, SC 29464

Listing Price: $3,325,000

Cap Rate
6.02%
Gross SF
8,000
Rentable SF
8,000
Price/Gross SF
$415.62
Lot Size
0.18 acres
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to present the STNL Absolute NNN Sale Lease-Back of 350 Seacoast Pkwy, a two-story single-tenant office building totaling 8,000 square-feet situated in the Belle Hall Office Park just off Interstate-526 in Mt. Pleasant, South Carolina. The building was newly built in 2020, features an industrial interior upfit and is fully occupied by an owner-user, Linden Construction of SC, Inc., a full-service commercial construction company. Linden Construction will sign a 15-year, absolute triple net (ABS NNN) lease at close of escrow, has very strong financials and has been in business for over a decade. The subject property is positioned directly across from the Belle Hall Shopping Center in the Mt. Pleasant submarket of the greater Charleston Metropolitan Statistical Area (MSA). The town of Mt. Pleasant is one of the most desirable submarkets in Charleston and boasts an average annual household income of over $131,000.

Investment Highlights

  • Absolute NNN Sale Lease-Back | Single-Tenant Office
  • 15-Year Base Term | 1.5% Annual Escalations
  • Brand New 2020 Construction
  • Personal Guarantee by High Net Worth Individual

Exclusively Listed By

Single-Tenant Office

STNL Absolute NNN Sale Leaseback

Listing Price: $3,325,000

Cap Rate
6.02%
Gross SF
8,000
Rentable SF
8,000
Price/Gross SF
$415.62
Lot Size
0.18 acres
Year Built
2020

Investment Highlights

  • Absolute NNN Sale Lease-Back | Single-Tenant Office
  • 15-Year Base Term | 1.5% Annual Escalations
  • Brand New 2020 Construction
  • Personal Guarantee by High Net Worth Individual

Investment Overview

Marcus & Millichap is pleased to present the STNL Absolute NNN Sale Lease-Back of 350 Seacoast Pkwy, a two-story single-tenant office building totaling 8,000 square-feet situated in the Belle Hall Office Park just off Interstate-526 in Mt. Pleasant, South Carolina. The building was newly built in 2020, features an industrial interior upfit and is fully occupied by an owner-user, Linden Construction of SC, Inc., a full-service commercial construction company. Linden Construction will sign a 15-year, absolute triple net (ABS NNN) lease at close of escrow, has very strong financials and has been in business for over a decade. The subject property is positioned directly across from the Belle Hall Shopping Center in the Mt. Pleasant submarket of the greater Charleston Metropolitan Statistical Area (MSA). The town of Mt. Pleasant is one of the most desirable submarkets in Charleston and boasts an average annual household income of over $131,000.

Exclusively Listed By

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