2037 S Irby Street, Florence, SC 29505 (MLS# 31009130)

2037 S Irby Street, Florence, SC 29505

$3,410,000

Property Type: Commercial Sale Square Footage: 2,325 Status: Active

Current Price: $3,410,000 List Date: 7/29/2026 Last Modified: 7/29/2026

Overview

Description

Charleston Commercial has been exclusively engaged to solicit offers for the sale of a brand-new, corporate-guaranteed Chipotle Mexican Grill in Florence, South Carolina, priced at $3,410,000 (5.25% cap rate). Chipotle executed a 15-year absolute NNN lease with four (4), five (5)-year renewal options and 10% rental escalations every five years - in both the primary term and all option periods. The asset is positioned directly on South Irby Street, immediately across from a Walmart Supercenter, within one of Florence's most active retail corridors, and sits at the front of a newly developed, multi-parcel outparcel node that will also include Scrubby's Car Wash and a national coffee chain.

Listing Details MLS# 31009130

Location

Street Number: 2037
Street Direction Prefix: S
Street Name: Irby
Street Suffix: Street
County: Florence
Nearest MSA: Florence, SC
Submarket/Township: 81 - Out of Area
State or Province: SC
Postal Code: 29505
Parcel Number: 00150-01-007
Opportunity Zone: No

General Information

Property Sub Type: Retail
Listing Name: New 2026 Chipotle - Abs. Net - Florence, SC
Property Condition: New Construction
Build to Suit?: Yes
Building Area Total: 2325
Lot Acres: 1.31
Property Visibility: Excellent
Anchored?: No
List Price/Acre: 2603053.44
List Price/SqFt: 1466.67
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-07-29
Original List Price: 3410000
Tax Legal Description: S Irby St

Building Related

Tenancy: Single Tenant
General Condition: Excellent
Year Built: 2026
Parking Total: 28

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2026-07-29

More Information

Auction Details

Auction: No

Area and Location

Traffic/Vehicle Count: 27500

Property Features

Property Sub Type: Retail Current Use: Restaurant; Retail; Retail - Pad Existing Lease Type: Absolute Net Roof: Membrane Parking Type: Surface

Documents

S Florence Chipotle OM ›

Listing Office: Charleston Commercial

Last Updated: July - 29 - 2026

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