REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,895,000
Est. payment /mo
Active
3662 Trask Pkwy Parkway Beaufort, SC 29906
3,920 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $483
MLS Listing ID 196955
Year Built 2021
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 3920.0
Property Sub-Type Retail
Source Lowcountry Regional MLS (Beaufort-Jasper County REALTORS®)
Property Description
INVESTMENT SALE ONLY - OPERATING BUSINESS NOT INCLUDED. 3662 Trask Parkway presents the opportunity to acquire a single-tenant net-leased investment property located along Beaufort's primary commercial corridor. The approximately 1,840 SF property is leased through June 30, 2032, with four additional five-year renewal options. Tenant is responsible for taxes, insurance, utilities, maintenance, CAM, and operating expenses under a triple-net lease structure. Current annual base rent is $115,200 with additional Approx. $7,868 Annually The lease is supported by two personal guarantors and includes scheduled rental increases. The property benefits from strong visibility along Trask Parkway (US-21), directly serving multiple hotels, Marine Corps Air Station Beaufort, Parris Island, and Historic the opportunity to acquire 3662 Trask Parkway, Beaufort, South Carolina, a single-tenant net-leased investment property strategically positioned within one of Beaufort's most active hospitality, tourism, military, and commercial corridors.
Constructed in 2021, the Property consists of an approximately 1,840-square-foot freestanding retail building operating under a long-term lease structure providing investors with contractual income through June 30, 2032, together with four (4) additional five-year renewal options, creating the potential for long-term cash flow and occupancy stability.
The lease is structured as a Triple-Net (NNN) Lease, with the tenant responsible for real estate taxes, insurance, utilities, maintenance obligations, and common area expenses pursuant to the lease terms. The Property currently generates $115,200 in annual base rent, together with additional CAM income. The lease is supported by two personal guaranties, providing additional security beyond the tenant entity.
Offered at $1,895,000, the Property represents an approximate 6.08 capitalization rate based upon current contractual base rent and an approximate 6.49 EY when current CAM income is considered.
The Property benefits from its location along Trask Parkway (US Highway 21), one of Beaufort County's primary transportation and commercial corridors. The surrounding area includes a concentration of hospitality, tourism, military, healthcare, and government-related demand generators that contribute to year-round economic activity and customer traffic.
The immediate area includes multiple nationally branded hotels, including Home2 Suites by Hilton, Tru by Hilton, and Howard Johnson, creating a lodging-supported commercial environment that serves tourists, military families, contractors, healthcare visitors, and business travelers. The broader Beaufort market contains an extensive inventory of hotel accommodations that further support retail and restaurant demand throughout the corridor.
In addition to tourism-related activity, the Property benefits from proximity to Marine Corps Recruit Depot Parris Island, one of the nation's most recognized military training facilities. Parris Island trains approximately 20,000 recruits annually and generates significant visitation associated with graduation ceremonies and family travel. The Property also benefits from its proximity to Marine Corps Air Station Beaufort, a major military aviation installation supporting active-duty personnel, civilian employees, contractors, and government operations.
Additional regional demand drivers include Beaufort Memorial Hospital, Historic Downtown Beaufort, local government offices, educational institutions, contractors, healthcare providers, and continued residential and commercial growth throughout Northern Beaufort County.
The Property is situated within a shared commercial development benefiting from reciprocal access rights, cross-access easements, and shared parking facilities, enhancing customer circulation and accessibility. The surrounding development pattern creates a synergistic commercial environment supported by hospitality, retail, restaurant, and service-oriented uses.
Available due diligence materials include lease documentation, guaranty information, survey materials, Phase I Environmental Site Assessment, site information, aerial imagery, and other property-related documentation available to qualified purchasers through the Listing Broker.
This offering presents an opportunity for 1031 exchange buyers, private investors, family offices, and net-lease investors seeking stable income, limited landlord responsibilities, contractual rent growth, and exposure to one of Beaufort's most active hospitality and military-oriented commercial corridors.
Qualified purchasers should contact the Listing Broker for additional information, registration requirements, and available due diligence materials. Property tours are by appointment only. Please do not disturb the tenant, employees, vendors, or customers.Qualified investors may have the opportunity to review additional hospitality-oriented investment real estate within the immediate development, including nearby restaurant and retail assets. This may allow purchasers to acquire multiple income-producing assets within the same hospitality and tourism corridor.
Constructed in 2021, the Property consists of an approximately 1,840-square-foot freestanding retail building operating under a long-term lease structure providing investors with contractual income through June 30, 2032, together with four (4) additional five-year renewal options, creating the potential for long-term cash flow and occupancy stability.
The lease is structured as a Triple-Net (NNN) Lease, with the tenant responsible for real estate taxes, insurance, utilities, maintenance obligations, and common area expenses pursuant to the lease terms. The Property currently generates $115,200 in annual base rent, together with additional CAM income. The lease is supported by two personal guaranties, providing additional security beyond the tenant entity.
Offered at $1,895,000, the Property represents an approximate 6.08 capitalization rate based upon current contractual base rent and an approximate 6.49 EY when current CAM income is considered.
The Property benefits from its location along Trask Parkway (US Highway 21), one of Beaufort County's primary transportation and commercial corridors. The surrounding area includes a concentration of hospitality, tourism, military, healthcare, and government-related demand generators that contribute to year-round economic activity and customer traffic.
The immediate area includes multiple nationally branded hotels, including Home2 Suites by Hilton, Tru by Hilton, and Howard Johnson, creating a lodging-supported commercial environment that serves tourists, military families, contractors, healthcare visitors, and business travelers. The broader Beaufort market contains an extensive inventory of hotel accommodations that further support retail and restaurant demand throughout the corridor.
In addition to tourism-related activity, the Property benefits from proximity to Marine Corps Recruit Depot Parris Island, one of the nation's most recognized military training facilities. Parris Island trains approximately 20,000 recruits annually and generates significant visitation associated with graduation ceremonies and family travel. The Property also benefits from its proximity to Marine Corps Air Station Beaufort, a major military aviation installation supporting active-duty personnel, civilian employees, contractors, and government operations.
Additional regional demand drivers include Beaufort Memorial Hospital, Historic Downtown Beaufort, local government offices, educational institutions, contractors, healthcare providers, and continued residential and commercial growth throughout Northern Beaufort County.
The Property is situated within a shared commercial development benefiting from reciprocal access rights, cross-access easements, and shared parking facilities, enhancing customer circulation and accessibility. The surrounding development pattern creates a synergistic commercial environment supported by hospitality, retail, restaurant, and service-oriented uses.
Available due diligence materials include lease documentation, guaranty information, survey materials, Phase I Environmental Site Assessment, site information, aerial imagery, and other property-related documentation available to qualified purchasers through the Listing Broker.
This offering presents an opportunity for 1031 exchange buyers, private investors, family offices, and net-lease investors seeking stable income, limited landlord responsibilities, contractual rent growth, and exposure to one of Beaufort's most active hospitality and military-oriented commercial corridors.
Qualified purchasers should contact the Listing Broker for additional information, registration requirements, and available due diligence materials. Property tours are by appointment only. Please do not disturb the tenant, employees, vendors, or customers.Qualified investors may have the opportunity to review additional hospitality-oriented investment real estate within the immediate development, including nearby restaurant and retail assets. This may allow purchasers to acquire multiple income-producing assets within the same hospitality and tourism corridor.
Location
State SC
County Beaufort
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 Hot
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Other, On Street, Parking Lot, Paved
View Other, Water, Trees/Woods, Park/Greenbelt
Accessibility Accessible Approach with Ramp, Bath Rails, Wide Doors
Building
Foundation Slab
Water Public
Others
Tax ID R120-026-000-0190-0000
Acceptable Financing Sell/Entirety, 1031 Exchange, Conventional, Cash
Listing Terms Sell/Entirety, 1031 Exchange, Conventional, Cash
Listed by Old South Properties