• Year Built: 1985
650 Coleman Blvd is aretail property for lease in Mount Pleasant, SC.
Busy gas station and convenience store located in the center of the rapidly redeveloping Coleman Blvd Corridor. Net leased investment property with an NOI of $66,245. The NOI increases 2% annually on April 1st. The current lease ends on March 31, 2020 and the tenant (BP Gasoline) has a 5 year option to renew at a market rate. Long-term redevelopment site with near term income.
DIRECTIONS: From I-26E, take exit 220 to merge onto US-17 N/Septima Clark Pkwy toward Mount Pleasant. Use right 2 lanes to take the S Carolina 703/Coleman Blvd ramp towards Sullivan Island. Destination located on the left.
TENANT INFO: BP GAS STATION WITH CURRENT LEASE IN EFFECT UNTIL MARCH 31, 2020. AT THAT TIME, TENANT HAS A 5 YEAR OPTION TO RENEW AT A MARKET RATE.