Opportunity Zone Retail Shopping Center

Retail-Commercial for Sale
Catylist Listing ID: 30382239
Property Subtypes: Mixed Use, Restaurant, Other
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Sale Price: $3,800,000
Unit Price: $271.43 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Brickyard Crossing East
Sale Terms: Cash to Seller, Other
Cap Rate: 7.79%
Last Updated: 12/5/2019

Overview / Comments

Fully leased 14,000 square foot neighborhood retail center located in Summerville in an Opportunity Zone. Located on the high traffic bypass, Berlin G. Meyers Pkwy, the center was renovated in 2016. There are multiple national retailers in the corridor, including: Target, Walmart, Best Buy, Lowes, Home Depot, Chick Fil A, Starbucks and more. The Town of Summerville is one of the fastest growing sectors of the Charleston MSA. The Volvo headquarters is located just West of the city, and has brought with it a host of employment, housing, and industrial development. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

Current Tenants

Tenant Business Name Anytime Fitness
SF of Space Occupied 4,200 SF
Tenant Business Name Matt's Pizza
SF of Space Occupied 2,100 SF
Tenant Business Name Atlas Physical Therapy
SF of Space Occupied 1,400 SF
Tenant Business Name Two Keys Tavern
SF of Space Occupied 6,300 SF

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Tax ID/APN: 1370408016.000
Largest Nearby Street: Berlin G. Meyers Pkwy
Traffic/Vehicle Count: 29,800
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2008
Year Renovated: 2016

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,965 50,559 125,455
Median Age: 38.35 36.02 35.03
Households: 1,584 18,929 46,397

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