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$ 2,880,000
Est. payment /mo
Active Under Contract
3668 Trask Pkwy Parkway Beaufort, SC 29906
8,276 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,276 sqft
Price per Sqft $347
Subdivision Not In A Subdivision
MLS Listing ID 196948
Year Built 2025
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 8276.0
Property Sub-Type Retail
Source Lowcountry Regional MLS (Beaufort-Jasper County REALTORS®)
Property Description
INVESTMENT SALE ONLY - OPERATING RESTAURANT BUSINESS NOT INCLUDED. Newly completed (2025) luxury restaurant real estate investment located within Beaufort's premier hospitality, tourism, retail, and military corridor. Approximately 3,852 SF subject to a long-term Absolute NNN lease with tenant responsibility for taxes, insurance, CAM, utilities, repairs, maintenance, and operating expenses. Full personal guaranty. Features substantial new restaurant infrastructure, FF&E, equipment, and specialty improvements that may provide attractive cost segregation opportunities for qualified investors. Located within a premier lodging district featuring more than 300 hotel rooms on-site and under development, over 800 hotel rooms within approximately one mile, and a new 121-room hotel under const. 3668 Trask Parkway presents a rare opportunity to acquire a newly completed (2025) luxury hospitality-oriented restaurant investment strategically positioned within one of Beaufort's strongest lodging, tourism, retail, and military corridors. The Property consists of approximately 3,852 square feet of newly constructed restaurant space featuring premium architectural finishes, modern hospitality design, extensive specialty improvements, substantial FF&E, and high-quality restaurant infrastructure.
The Property is leased pursuant to a long-term Absolute Triple Net (NNN) lease structure with tenant responsibility for real estate taxes, insurance, common area maintenance, utilities, repairs, maintenance, and operating expenses, providing investors with a passive ownership structure and limited landlord responsibilities. The lease is supported by a full personal guaranty and currently generates $180,000 in annual base rent with scheduled rental increases and additional income participation provisions designed to provide long-term revenue growth beyond contractual base rent.
A significant component of the investment thesis is the Property's location within Beaufort's primary hospitality corridor. The restaurant directly benefits from existing hotel accommodations located within the development, adjacent Hilton-branded lodging properties, and a new approximately 121-room hotel currently under construction immediately behind the Property. Combined, the development and immediate surrounding area contain one of the region's largest concentrations of lodging inventory. More than 300 hotel rooms are located on-site or currently under development, with more than 800 hotel rooms located within approximately one mile of the Property. This creates a built-in customer base generated by tourists, military families, business travelers, government contractors, healthcare professionals, and extended-stay guests.
The Property benefits from exceptional demand drivers unique to the Beaufort market. Marine Corps Recruit Depot Parris Island graduates approximately 20,000 recruits annually and generates significant visitation throughout the year as family members travel to attend graduation ceremonies and related events. Marine Corps Air Station Beaufort serves as a major regional employer and economic driver, supporting military personnel, civilian employees, contractors, and visiting professionals. Additional demand is generated by tourism, business travel, regional population growth, healthcare services, and continued commercial development throughout Northern Beaufort County.
Completed in 2025, the facility features extensive restaurant infrastructure, commercial kitchen systems, specialty improvements, custom hospitality finishes, modern mechanical systems, commercial refrigeration, draft beverage systems, premium bar improvements, and substantial furniture, fixtures, equipment, and operational systems. The recent construction date and significant allocation of building components, specialty improvements, FF&E, and equipment may provide attractive cost segregation and accelerated depreciation opportunities for qualified investors, subject to independent tax and accounting review.
The Property's upscale design, strategic location, hospitality-oriented customer base, and newly completed construction create a competitive advantage that would be difficult and expensive to replicate in today's development environment. Rising construction costs, entitlement timelines, labor expenses, and infrastructure requirements continue to create substantial barriers to entry for competing projects.
This offering may also appeal to investors seeking larger portfolio opportunities. Ownership controls additional investment real estate within the immediate development, including a potential adjacent restaurant investment opportunity. Qualified purchasers may have the ability to acquire multiple income-producing hospitality assets within the same development, creating increased scale, operational diversification, enhanced market presence, management efficiencies, and long-term portfolio growth potential.
Ideal for private investors, family offices, 1031 exchange buyers, hospitality investors, and portfolio owners seeking passive income, contractual rent growth, potential tax advantages through cost segregation, and ownership of a premier hospitality-oriented asset within one of South Carolina's most desirable coastal markets.
Offering Memorandum, lease documentation, guaranty information, rent schedule, and due diligence materials available through Listing Broker.
The Property is leased pursuant to a long-term Absolute Triple Net (NNN) lease structure with tenant responsibility for real estate taxes, insurance, common area maintenance, utilities, repairs, maintenance, and operating expenses, providing investors with a passive ownership structure and limited landlord responsibilities. The lease is supported by a full personal guaranty and currently generates $180,000 in annual base rent with scheduled rental increases and additional income participation provisions designed to provide long-term revenue growth beyond contractual base rent.
A significant component of the investment thesis is the Property's location within Beaufort's primary hospitality corridor. The restaurant directly benefits from existing hotel accommodations located within the development, adjacent Hilton-branded lodging properties, and a new approximately 121-room hotel currently under construction immediately behind the Property. Combined, the development and immediate surrounding area contain one of the region's largest concentrations of lodging inventory. More than 300 hotel rooms are located on-site or currently under development, with more than 800 hotel rooms located within approximately one mile of the Property. This creates a built-in customer base generated by tourists, military families, business travelers, government contractors, healthcare professionals, and extended-stay guests.
The Property benefits from exceptional demand drivers unique to the Beaufort market. Marine Corps Recruit Depot Parris Island graduates approximately 20,000 recruits annually and generates significant visitation throughout the year as family members travel to attend graduation ceremonies and related events. Marine Corps Air Station Beaufort serves as a major regional employer and economic driver, supporting military personnel, civilian employees, contractors, and visiting professionals. Additional demand is generated by tourism, business travel, regional population growth, healthcare services, and continued commercial development throughout Northern Beaufort County.
Completed in 2025, the facility features extensive restaurant infrastructure, commercial kitchen systems, specialty improvements, custom hospitality finishes, modern mechanical systems, commercial refrigeration, draft beverage systems, premium bar improvements, and substantial furniture, fixtures, equipment, and operational systems. The recent construction date and significant allocation of building components, specialty improvements, FF&E, and equipment may provide attractive cost segregation and accelerated depreciation opportunities for qualified investors, subject to independent tax and accounting review.
The Property's upscale design, strategic location, hospitality-oriented customer base, and newly completed construction create a competitive advantage that would be difficult and expensive to replicate in today's development environment. Rising construction costs, entitlement timelines, labor expenses, and infrastructure requirements continue to create substantial barriers to entry for competing projects.
This offering may also appeal to investors seeking larger portfolio opportunities. Ownership controls additional investment real estate within the immediate development, including a potential adjacent restaurant investment opportunity. Qualified purchasers may have the ability to acquire multiple income-producing hospitality assets within the same development, creating increased scale, operational diversification, enhanced market presence, management efficiencies, and long-term portfolio growth potential.
Ideal for private investors, family offices, 1031 exchange buyers, hospitality investors, and portfolio owners seeking passive income, contractual rent growth, potential tax advantages through cost segregation, and ownership of a premier hospitality-oriented asset within one of South Carolina's most desirable coastal markets.
Offering Memorandum, lease documentation, guaranty information, rent schedule, and due diligence materials available through Listing Broker.
Location
State SC
County Beaufort
Community Not In A Subdivision
Direction From Robert Smalls Parkway (US-21), travel north on Trask Parkway (SC-170) approximately 1.5 miles. Property is located within the Trask Parkway hospitality corridor adjacent to Home2 Suites & Tru Hotel
Interior
Heating Central, Zoned
Cooling Central Air
Exterior
Parking Features Other, On Street, Parking Lot, Paved
View Other, Water
Accessibility Accessible Approach with Ramp, Bath Rails, Wide Doors
Building
Foundation Slab
Water Public
Others
Tax ID R120-026-000-0192-0000
Acceptable Financing Sell/Entirety, 1031 Exchange, Conventional, Cash
Listing Terms Sell/Entirety, 1031 Exchange, Conventional, Cash
Listed by Old South Properties