Market Square at Carnes Crossroads will be a newly constructed 12,000 SF retail center in the heart of one of Summerville's fastest-growing communities. Located in Carnes Crossroads Town Center, the site offers great visibility with frontage directly on North Main Street and a daily car count of over 37,000.
New Retail Center features:
1.06 Acre Site
4.25:1 Parking Ratio
12,000 SF of Space
Construction is scheduled to commence on this new project in mid-2020 and delivery of the space to the new tenant is anticipated in early 2021.
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
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.
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.