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3668 Trask Parkway, Beaufort, SC 29906
Overview
Description
Supplements: ... (Read more) 3668 Trask Parkway presents a rare opportunity to acquire a newly completed (2025) luxury hospitality-oriented restaurant investment strategically positioned within one of Beaufort's strongest lodging, tourism, retail, and military corridors. The Property consists of approximately 3,852 square feet of newly constructed restaurant space featuring premium architectural finishes, modern hospitality design, extensive specialty improvements, substantial FF&E, and high-quality restaurant infrastructure. The Property is leased pursuant to a long-term Absolute Triple Net (NNN) lease structure with tenant responsibility for real estate taxes, insurance, common area maintenance, utilities, repairs, maintenance, and operating expenses, providing investors with a passive ownership structure and limited landlord responsibilities. The lease is supported by a full personal guaranty and currently generates $180,000 in annual base rent with scheduled rental increases and additional income participation provisions designed to provide long-term revenue growth beyond contractual base rent. A significant component of the investment thesis is the Property's location within Beaufort's primary hospitality corridor. The restaurant directly benefits from existing hotel accommodations located within the development, adjacent Hilton-branded lodging properties, and a new approximately 121-room hotel currently under construction immediately behind the Property. Combined, the development and immediate surrounding area contain one of the region's largest concentrations of lodging inventory. More than 300 hotel rooms are located on-site or currently under development, with more than 800 hotel rooms located within approximately one mile of the Property. This creates a built-in customer base generated by tourists, military families, business travelers, government contractors, healthcare professionals, and extended-stay guests. The Property benefits from exceptional demand drivers unique to the Beaufort market. Marine Corps Recruit Depot Parris Island graduates approximately 20,000 recruits annually and generates significant visitation throughout the year as family members travel to attend graduation ceremonies and related events. Marine Corps Air Station Beaufort serves as a major regional employer and economic driver, supporting military personnel, civilian employees, contractors, and visiting professionals. Additional demand is generated by tourism, business travel, regional population growth, healthcare services, and continued commercial development throughout Northern Beaufort County. Completed in 2025, the facility features extensive restaurant infrastructure, commercial kitchen systems, specialty improvements, custom hospitality finishes, modern mechanical systems, commercial refrigeration, draft beverage systems, premium bar improvements, and substantial furniture, fixtures, equipment, and operational systems. The recent construction date and significant allocation of building components, specialty improvements, FF&E, and equipment may provide attractive cost segregation and accelerated depreciation opportunities for qualified investors, subject to independent tax and accounting review. The Property's upscale design, strategic location, hospitality-oriented customer base, and newly completed construction create a competitive advantage that would be difficult and expensive to replicate in today's development environment. Rising construction costs, entitlement timelines, labor expenses, and infrastructure requirements continue to create substantial barriers to entry for competing projects. This offering may also appeal to investors seeking larger portfolio opportunities. Ownership controls additional investment real estate within the immediate development, including a potential adjacent restaurant investment opportunity. Qualified purchasers may have the ability to acquire multiple income-producing hospitality assets within the same development, creating increased scale, operational diversification, enhanced market presence, management efficiencies, and long-term portfolio growth potential. Ideal for private investors, family offices, 1031 exchange buyers, hospitality investors, and portfolio owners seeking passive income, contractual rent growth, potential tax advantages through cost segregation, and ownership of a premier hospitality-oriented asset within one of South Carolina's most desirable coastal markets. Offering Memorandum, lease documentation, guaranty information, rent schedule, and due diligence materials available through Listing Broker.
Listing Details MLS# 196948
Listing Location Tax Legal Info
- Sub-Type
- Retail
- Major Area
- Burton
- Asking Price
- 2880000
- St #
- 3668
- 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
- 0.19
- Lot SqFt
- 8276
- Total # Units
- Yes
- # of Stories
- Yes
- Legal Desc
- OUTPARCEL F-1A PB154 PG162
- Key Code #
- 24201295
- SqFt Imp
- 3852
- Year Built
- 2025
- Annual Rent Per SqFt
- 46.73
- Present Use/Title of Business
- Restaurant
- Projected Use
- Restaurant
- Gross Annual Income
- 180000
- 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 Hotel
- Waterfront
- No
- Tax Database ID
- R120-026-000-0192-0000
Financial
- Property Taxes
- 1251
- 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
- No
- HOA Fee Amount
- 0
Listing, Location, Tax & Legal Info
- For Sale/For Rent
- For Sale
- List Price/Acre
- 15157894.74
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
- Furnishings List
- Yes
- Inventory List
- Yes
- Leases
- Yes
- Legal Description
- Yes
- Operating Statement
- Yes
- Recorded Plat
- Yes
- Other
- Yes
Foundation
- Slab
- Yes
Land Status
- Land Included
- Yes
View
- Water
- Yes
- Other
- Yes
Construction
- Brick
- Yes
- Frame
- Yes
- Other
- Yes
Road Frontage
- City Street
- Yes
- Highway
- Yes
Roofing
- Composition
- Yes
- Other
- Yes
Parking
- On Street
- Yes
- Parking Lot
- Yes
- Paved
- Yes
- Other
- Yes
Traffic Count
- Above 25,000
- Yes
Equipment
- Yes
- Yes
Walls
- Paneling
- Yes
- Sheet Rock
- Yes
- Wood
- Yes
- Other
- Yes
Ceiling Height
- 16 To 20 Ft.
- Yes
- More Than 20 Ft.
- Yes
Flooring
- Concrete Slab
- Yes
- Other (See Remarks)
- Yes
Heating
- Central
- Yes
- Zoned
- Yes
Cooling
- Central Air
- Yes
Utilities
- 3 Phase Electric
- Yes
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- 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
- Display Window
- Yes
- Gas Hot Water Heater
- Yes
- Inside Storage
- Yes
- Security Lighting
- Yes
- Security System
- Yes
- Shelving
- Yes
- Sprinkler System
- Yes
- Tenant Pays Utilities
- Yes
Vacancy
- Lease/Rented
- Yes
- Occupied
- Yes
Showing Instructions
- Agent Must Accompany
- Yes
- Appt. Only
- Yes
- Notice Required
- Yes
- Special Instructions
- Yes
Water/Sewer/Gas
- 2 In. Water Main
- Yes
- 6 In. Sewer Main
- Yes
- Unknown (Verify)
- Yes
Handicap Accessible
- Accessible Approach with Ramp
- Yes
- Bath Rails
- Yes
- Wide Doors
- Yes