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3662 Trask Parkway, Beaufort, SC 29906
New Listing

Overview
Description
Supplements: ... (Read more) 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.
Listing Details MLS# 196955
Listing Location Tax Legal Info
- Sub-Type
- Retail
- Major Area
- Burton
- Asking Price
- 1895000
- St #
- 3662
- Street Name
- Trask
- St. Suffix
- Parkway
- County
- Beaufort
- State
- SC
- Zip Code
- 29906
Keywords
- Location
- Free Standing
- Handicap
- Yes
- Sign
- No
General Property Description
- Shared Interest Y/N
- No
- Approx Acres
- 0.09
- Lot SqFt
- 3920
- Total # Units
- Yes
- # of Stories
- Yes
- Legal Desc
- PARCEL E CITY OF BFT PB148 PG42
- Key Code #
- 242007888
- SqFt Imp
- 1840
- Year Built
- 2021
- Annual Rent Per SqFt
- 62.61
- Present Use/Title of Business
- Restaurant
- Projected Use
- Restaurant
- Gross Annual Income
- 123068
- Rental Duration
- 90 Days or More
- Dock Permits in Hand
- No
- Zoning
- Commercial
- Aicuz
- Yes
- Olrea/B
- No
- Directions
- 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
- Waterfront
- No
- Tax Database ID
- R120-026-000-0190-0000
Financial
- Property Taxes
- 9252.86
- HOA/POA Fee
- Yes
- HOA Fee Contact Info
- 35 Parris Island Gtwy Ste 305. Property benefits from reciprocal easement and cross-access agreements
- Regime Fee
- Yes
- Regime Fee Contact Info
- See OM for information
- HOA Fee Amount
- 0
- Regime Fee Amount
- 0
Listing, Location, Tax & Legal Info
- For Sale/For Rent
- For Sale
- Minor Area
- Frnt.21-Whale
- List Price/Acre
- 21055555.56
Will Sell
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- Sell/Entirety
- Yes
More Information
Imp. w/Structure
- Yes
- Yes
Special Listing Conditions
- None
- Yes
Approx. Age
- 1 Day-5 Years
- Yes
Documents on File
- Aerial Photo
- Yes
- Boundary Survey
- Yes
- Building Plans
- Yes
- Equipment List
- Yes
- Financial Details
- Yes
- Fixtures List
- Yes
- Leases
- Yes
- Legal Description
- Yes
- Recorded Plat
- Yes
- Soil Survey
- Yes
- Topography Survey
- Yes
- Other
- Yes
Foundation
- Slab
- Yes
Land Status
- Land Included
- Yes
View
- Park/Greenbelt
- Yes
- Trees/Woods
- Yes
- Water
- Yes
- Other
- Yes
Construction
- Aluminum Siding
- Yes
- Brick
- Yes
- Frame
- Yes
- Metal Siding
- Yes
Road Frontage
- City Street
- Yes
- Highway
- Yes
Roofing
- Asphalt
- Yes
- Composition
- Yes
- Other
- Yes
Parking
- On Street
- Yes
- Parking Lot
- Yes
- Paved
- Yes
- Other
- Yes
Traffic Count
- Above 25,000
- Yes
Equipment
- No
- Yes
Walls
- Metal
- Yes
- Paneling
- Yes
- Sheet Rock
- Yes
Ceiling Height
- 11 To 15 Ft.
- Yes
- 16 To 20 Ft.
- Yes
- Variable Heights
- Yes
Flooring
- Concrete Slab
- Yes
- Tile
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Utilities
- 3 Phase Electric
- Yes
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Possession
- Subject to Tenants
- Yes
Miscellaneous
- Delivery Door
- Yes
- Security Lighting
- Yes
- Security System
- Yes
- Shelving
- Yes
- Sprinkler System
- Yes
- Tenant Pays Utilities
- Yes
- Other
- Yes
Vacancy
- Lease/Rented
- Yes
Showing Instructions
- Agent Must Accompany
- Yes
- Appt. Only
- Yes
- Special Instructions
- Yes
Water/Sewer/Gas
- 2 In. Water Main
- Yes
- 4 In. Sewer Main
- Yes
Handicap Accessible
- Accessible Approach with Ramp
- Yes
- Bath Rails
- Yes
- Wide Doors
- Yes