Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Johns Island, SC - Take 5 Oil Change
3675 Savannah Highway | Johns Island, SC 29455
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest in a brand-new, Absolute NNN Ground-Leased retail property located on Johns Island, South Carolina. The lease is secured by a 15-year term with three (3) 5-year renewal options, and features 10% rental increases every five years throughout the initial term and at the beginning of each option, providing built-in NOI growth and inflation protection. The lease includes a guaranty from ClayCon Oil, LLC, one of Take 5’s largest franchisees and the recipient of Take 5’s Franchisee of the Year award in 2024. With the tenant responsible for all expenses including taxes, insurance, and maintenance, the lease offers zero landlord responsibilities, ideal for passive or out-of-state investors.
Location
The property benefits from prime frontage and visibility on Savannah Highway/U.S. Highway 17 (56,400 VPD), with a new dedicated left-turn lane under development to enhance access. Adjacent to West Ashley Place, a Publix-anchored center with 1.3M annual visits, and within minutes of major retail destinations including Citadel Mall (4M annual visits), Ashley Crossing (3.7M), and Westwood Plaza (3.1M), the property benefits from strong retail synergy and sustained consumer traffic. Located in the Charleston MSA, Johns Island is one of the region’s fastest-growing areas, supported by significant new developments including a $227M medical center, new multi-family and residential communities, and commercial expansion. The 5-mile trade area includes over 58,500 residents and 14,200 employees, with average household incomes exceeding $138,000 in the 3-mile radius. Surrounded by well-established residential communities, including large multifamily complexes such as Satori West Ashley (297 units) and Avanton Pearl (394 units), the property benefits from direct residential demand and long-term stability.