3662 Trask Parkway

Description

INVESTMENT SALE ONLY - OPERATING BUSINESS NOT INCLUDED. 3662 Trask Parkway presents the opportunity to acquire a single-tenant net-leased investment property located along Beaufort's primary commercial corridor. The approximately 1,840 SF property is leased through June 30, 2032, with four additional five-year renewal options. Tenant is responsible for taxes, insurance, utilities, maintenance, CAM, and operating expenses under a triple-net lease structure. Current annual base rent is $115,200 with additional Approx. $7,868 Annually The lease is supported by two personal guarantors and includes scheduled rental increases. The property benefits from strong visibility along Trask Parkway (US-21), directly serving multiple hotels, Marine Corps Air Station Beaufort, Parris Island, and Historic 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. Availa