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USASCAndrews15 W Ashland St
15 W Ashland St, Home with 0 bedrooms, 0 bathrooms and null parking in Andrews SC | Image 1
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$1,385,000

15 W Ashland St, Andrews, SC

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 23752 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 22
Approx. Age 
Avg. Price Per Sqft $58
MLS® Number 2512963

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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!Show Description
MLS® Number2512963
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorSprinkler Irrigation
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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