About 2185 N Fraser St.
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.
Features of 2185 N Fraser St.
MLS® # | 2322019 |
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Price | $695,000 |
Bathrooms | 0.00 |
Square Footage | 4,760 |
Acres | 1.00 |
Type | Commercial Sale |
Sub-Type | Office |
Status | Active |
Community Information
Address | 2185 N Fraser St. |
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Area | 46A Georgetown Area--includes city of Georgetown |
City | Georgetown |
County | Georgetown |
State | SC |
Zip Code | 29440 |
Amenities
Parking Spaces | 38 |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | Central |
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Cooling | CentralAir |
Fireplace | No |
Has Basement | No |
Exterior
Exterior | Brick Veneer |
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Additional Information
Days on Website | 473 |
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Zoning | GC |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Marek Property Advisors |
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