19,900 Square Foot Retail Space For Sale @ 18 Plantation Park Dr

Sperry Van Ness is pleased to offer an excellent retail/office investment opportunity within Plantation Park, a well-established business park in the heart of Bluffton. This building, 18 Plantation Park Drive, is19,900 square feet, situated on approx 2.35 acres and is 100% occupied by a single NNN tenant, Cancer Awareness Thrift. The property enjoys excellent visibility from Highway 278, as well as dedicated monument signage on Hwy. 278, easy access and generous surface parking for staff and visitors. Priced below replacement cost, this property is being offered at a proforma cap of 6.71% on an annual NOI of $130,899.

Sales Info:
■ Commision split: 2.5%

Location Description:
Plantation Park has a good mix of various retailers, such as Sprint and Dairy Queen, and professional office users. Located in the center of Bluffton's vibrant Business District on Hwy. 278/Fording Island Road, the main artery from I-95 to Hilton Head Island, traffic counts exceed 63,000 VPD. Bluffton is the retail hub of Beaufort County and is slated for high residential and commercial growth over the next few years. Many national retailers are already in place, including Lowe's, Home Depot, Target, Staples, Bed Bath & Beyond, Marshall's, Michael's, Petco, PetSmart, Pier 1 Imports, World Market, Steinmart, Old Navy, and others.

Highlights:
■ 19,900 SF on 2.35 acres; 100% Occupied
■ Below Replacement Cost; 8.36% Cap; $163,019 NOI
■ Great Visibility on Hwy. 278; Dedicated Signage
■ 63,000 VPD; Heart of Bluffton Retail/CBD