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CommercialSold
List Price $685,000
Sold Price $640,000
2185 N Fraser St.
Georgetown, SC 29440
Listed by: Marek Property Advisors, (843) 240-0025
MLS: Coastal Carolinas MLS
Est. Mortgage
$3,636/mo
Calling All Investors! 8.6% Cap Rate! This NNN investment features a fully renovated building with significant physical improvements made prior to the current tenant’s occupancy. The property is leased to a childcare business, which is in the third year of a 10-year lease. Rent increases by 2% annually starting in year 3. Additionally, the lease includes two 10-year renewal options, each with a 2% rent increase. The tenant is responsible for ad valorem taxes, insurance, utilities, landscaping, and trash removal. Located near Georgetown Hospital, this is an excellent long-term investment.
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