SC
Georgetown
Andrews
29510
15 W Ashland St
15 W Ashland St, Andrews, SC 29510
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Listing Type
Commercial/Industrial
Listing Status
under contract
18
$1,385,000

Home Details for 15 W Ashland St

Price
$1,385,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
23752
Lot size acres
1.87
County
Georgetown
Garage
Days on site
79
MLS Listing#
2512963
Presented by: Jeff Forman - 843-902-4325
Property Description

We are thrilled to present an exceptional investment opportunity located at 15 W Ashland St, Andrews, SC. This successful single-tenant grocery store is every investor's dream, featuring a NNN lease with zero liabilities for the owner. This property boasts a solid cap rate of 7%, derived from a net operating income. The Piggly Wiggly store has been a staple in the community for over 30 years, becoming a franchise location in 2013. The new lease is for 15 years with two scheduled increases—one in year 5 and another in year 9—ensuring steady growth and valuation. This nearly 24,000 square foot, all-brick store is situated on 1.87 acres, just two blocks from the new Andrews Municipal Complex, making it a prime location for continued growth. The store has a proven track record, with total sales averaging an impressive price per square foot. The current owner, who previously managed the store, knows the business well and has set the foundation for future success. Whether you are looking to expand your portfolio or enter the grocery sector, this property offers a fantastic opportunity to invest in a reliable, profitable establishment. Contact us to view the Offering Memorandum, lease, and all additional information TODAY!

Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
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550 Forestbrook Rd. Suite 300, Myrtle Beach, SC 29579
Office
843 796 1358
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