Investment Opportunity - 100% Leased Retail in the Promenade - Historic Downtown Bluffton
5-9 Promenade Street, Units 1201 - 1304
Bluffton, SC 29910
- Located in the Promenade in Downtown Historic Bluffton
- Very High Demand - Short Supply Segment of the Market
- Newer Buildings
- Leases in place
Don't miss this opportunity to own income producing condominiums in the Promenade, the most desired address in the market.
This opportunity is comprised of four ground floor condominiums with existing leases. Two are occupied via a new five year NNN lease with Calhouns, a very popular tavern with a lovely outside dedicated patio area. One of the units is leased to J McLaughlin, the national clothing retailer and the other by a very successful salon that has been in place for several years. Current NOI is $66,788.50.
Situated on the main street in the Promenade in historic downtown Bluffton. The Promenade, which anchors the downtown area, is a bustling, pedestrian friendly mixed use development with a myriad of shopping, dining and entertainment options, coupled with residential units upstairs. Downtown Bluffton has undergone a tremendous redevelopment with new pedestrian friendly streetscapes surrounding the development. This is a high traffic area that benefits from the weekly farmer's market and regular festivals in the immediate vicinity. Easy access to anywhere in the community, including Savannah which is less than 30 minutes away.