3668 Trask Parkway

Description

INVESTMENT SALE ONLY - OPERATING RESTAURANT BUSINESS NOT INCLUDED. Newly completed (2025) luxury restaurant real estate investment located within Beaufort's premier hospitality, tourism, retail, and military corridor. Approximately 3,852 SF subject to a long-term Absolute NNN lease with tenant responsibility for taxes, insurance, CAM, utilities, repairs, maintenance, and operating expenses. Full personal guaranty. Features substantial new restaurant infrastructure, FF&E, equipment, and specialty improvements that may provide attractive cost segregation opportunities for qualified investors. Located within a premier lodging district featuring more than 300 hotel rooms on-site and under development, over 800 hotel rooms within approximately one mile, and a new 121-room hotel under const. 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 acco