Family Dollar - Park Circle

Retail-Commercial for Sale
Catylist Listing ID: 30172605
Property Subtypes: Free-Standing Building
Building Size (RSF): 8,320 SF
Gross Building Area: See Agent
Sale Price: $2,175,400
Unit Price: $261.47 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 5.75%
Last Updated: 2/17/2018

Overview / Comments

10% rent increase in year 11. 15 year lease with six 5-year options increasing at 10% each option period. NNN lease. Zero landlord obligations.

Quickly growing trade area with 6,800 VPD. Brisk retail and population growth in the #1 city in the world - with this being a prime location for new development.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4711300253
Tenancy: Single Tenant
Year Built: 2017

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,535 52,819 119,059
Median Age: 35.51 33.93 34.39
Households: 3,528 19,883 47,850

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