Retail Building Investment Opportunity on Maybank Highway (James Island) – Fully Leased
INVESTMENT HIGHLIGHTS
- New construction, retail center located on James Island in the heart of Charleston, SC
- Irreplaceable hard corner, signalized intersection on a high traffic thoroughfare (30,069 VPD)
- Zoned General Business – GB District which is the most flexible zoning designation in The City of Charleston, allowing for a broad range of re-develop
- New NNN Leases with tenants reimbursing for all operating expenses and management fees
- All tenant leases feature increases during the primary term, 4 out of the 5 leases feature personal guarantees
Official Listing Details
EXECUTIVE SUMMARY
1989 Maybank Hwy Center is 100% leased with new long-term, NNN leases, all to multi-unit regional operators. The asset is located at a signalized hard corner intersection, adjacent to The Charleston Pour House, an extremely popular music venue and across from the Terrace Theatre.
ATTACHMENTS: Full Details
PROPERTY FACTS
- Sale Type: Investment NNN
- Property Type: Retail
- Property Subtype: Storefront Retail/Office
- Building Size: 12,167 SF
- Building Class: B
- LoopNet Rating: 4 Star
- Year Built: 2021
- Price: $7,616,000
- Price Per SF: $626
- Cap Rate: 6.15%
- NOI: $468,388
- Percent Leased: 100%
- Tenancy: Multiple
- Building Height: 2 Stories
- Building FAR: 0.18
- Land Acres: 1.53 AC
- Zoning: General Business – Subject to neighborhood overlay that prohibits liquor store.
- Parking: 82 Spaces (6.74 Spaces per 1,000 SF Leased)
- Frontage: 250 FT on Maybank Highway
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