805 Folly Road

    Charleston, SC 29412
    • $899,900
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 30567778
    UPDATED: 62 min ago
    $899,900
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,135
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Location, Location, Location. This free standing restaurant building is less than 1 Mile to the James Island Connector to Downtown Charleston, and excellent visibility on Folly Road with a 45,000+ daily traffic count. Currently operating as Gillie's Soul Food (business not for sale), this established tenant of the building has lease it for the past 3.5 years. The building was completely renovated over the past 4 years. 805 Folly Road offers buyers a turn key opportunity with a lease in place until September 2022. Upgrades include but are not limited to a brand new HVAC (2020), a 4 year old roof, and all restaurant appliances (inclusive of walk-in freezer) and furniture convey with sale. The current tenant lease rate is $4,120/month rent gross and the tenant also covers all property taxes and insurance on top of the monthly rent (NNN). The .21 acre lot has 93' of road frontage on Folly Road. The outdoor deck is perfect for dining al fresco, and can seat approximately 40-50+ additional patrons depending on set up. Parking in the front of the building is on the lot, and behind the building the parking is provided by the Town of James Island at no cost to the owner. Lot is privately owned by another individual and leased for $2k/mo by the town of James island to furnish public parking. No cost to tenant or owners of building. Lease is through 2027 and renewal is the plan going forward!

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    www.thecassinagroup.com/homes/103972404

    805 Folly Road Charleston, SC 29412

    • Price: $899,900
    • Status: Active
    • Updated: 62 min ago
    • ID#: 30567778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    2,135
    SQFT
    $421
    $/SQFT
    Neighborhood:
    James Island
    County:
    Charleston
    Area:
    James Island
    Property Description
    Location, Location, Location. This free standing restaurant building is less than 1 Mile to the James Island Connector to Downtown Charleston, and excellent visibility on Folly Road with a 45,000+ daily traffic count. Currently operating as Gillie's Soul Food (business not for sale), this established tenant of the building has lease it for the past 3.5 years. The building was completely renovated over the past 4 years. 805 Folly Road offers buyers a turn key opportunity with a lease in place until September 2022. Upgrades include but are not limited to a brand new HVAC (2020), a 4 year old roof, and all restaurant appliances (inclusive of walk-in freezer) and furniture convey with sale. The current tenant lease rate is $4,120/month rent gross and the tenant also covers all property taxes and insurance on top of the monthly rent (NNN). The .21 acre lot has 93' of road frontage on Folly Road. The outdoor deck is perfect for dining al fresco, and can seat approximately 40-50+ additional patrons depending on set up. Parking in the front of the building is on the lot, and behind the building the parking is provided by the Town of James Island at no cost to the owner. Lot is privately owned by another individual and leased for $2k/mo by the town of James island to furnish public parking. No cost to tenant or owners of building. Lease is through 2027 and renewal is the plan going forward!
    Exterior Features

    Land Size Min 0.210 Land Size Units Acre

    Property Features

    Property Status Existing Property Sub Type Restaurant Property Type Retail-Commercial Sale Price Min 899900.00 Title Restaurant Space On James Island Zoning Other

    Listing courtesy of The Boulevard Company, Llc.
     
    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464