Investment Sale - 5856 Rivers Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30277612
Property Subtypes: Restaurant
Building Size (RSF): 2,598 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 Acres
Sale Price: $1,850,194
Unit Price: $712.16 PSF
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 6/18/2018

Overview / Comments

Sale/leaseback opportunity for 5856 Rivers Avenue in North Charleston, SC. This listing is for the sale of the land, building, and related property improvements for the purpose of buyer entering into a long-term absolute net lease agreement with seller. Occupied by Taco Bell, this 2,598sf freestanding building underwent a full remodel in 2017 and is situated on the going home side of well-travelled Rivers Ave (54,700 vpd).

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 4720400053
Area Description: North Charleston is a vibrant city that attracts more than two million visitors annually. This thriving, business friendly area is a major economic driver of the 745,000-person Charleston, SC MSA. The city has excellent shopping facilities, malls, restaurants, and beautifully planned neighborhoods. North Charleston brings an atmosphere of prosperity, excitement, and continued growth to the hub of the Lowcountry.
Tenancy: Single Tenant
Year Built: 1990
Year Renovated: 2017

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,184 52,565 128,336
Median Age: 33.22 32.35 32.87
Households: 4,165 20,007 48,973

Contact

Photograph of Listing Agent

Trey E Lucy, III

Belk / Lucy SCCMLS Member
Photograph of Listing Agent

Blair A Belk

Belk / Lucy SCCMLS Member
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