650 Coleman Blvd, Mount Pleasant, SC 29464

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Building Details:

• Year Built: 1985

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.