2006 N Main Street,Summerville, SC

The Market Shoppes at Carnes Crossroads2006 N Main Street, Summerville, SC


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Description

New ground-up construction of a 10,000 SF Speculative Retail Center in the Carnes Crossroads development in Summerville, SC. The ground floor of the building features retail spaces, and the 2nd floor offers office space for the retail tenants. This development is being delivered in fall 2018.

The Retail Center features:
1.1 Acre Site
5:1 Parking Ratio
10,000 SF of Space

The construction commenced in early 2018 and was stabilized at an 80% occupancy rate within three months of commencing construction.

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Our ProcessStep By Step

SiteIdentification

Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.

SiteInspections

We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.

PropertyAnalysis

We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.

TheUnderwriting

Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.