Stand Alone Building for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30803155
Property Subtypes: Free-Standing Building, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Sale Price: $775,000
Unit Price: $516.67 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 10.9%
Last Updated: 9/21/2022

Overview / Comments

A former animal hospital, the building has a lease that runs until February 29, 2024. It is a triple net lease and the current monthly rent is $7,071, for an annual net income of $84,852. The rent is set to increase 2.5% beginning on March 1, 2023.

This is an ideal property for an investor to collect the cash flow while you go the planning phase of any renovations for the next tenant. The lot is 0.92 acres which could allow for a larger building footprint.

The building is conveniently located near the corner of Dorchester Rd and Ashley Phosphate with a traffic count of over 40,000 cars per day. Terrific signage on Dorchester Rd.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 61 - N.Chas/Summerville/Ladson Area
Tax ID/APN: 181-00-00-023
Zoning: GB - General Business
Property Visibility: Excellent
Tenancy: Single Tenant
Year Built: 1983

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,246 44,324 121,426
Median Age: 34.58 32.97 32.79
Households: 3,809 16,869 46,400

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