Japanese Restaurant Property

Retail-Commercial for Sale
Catylist Listing ID: 30502204
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 8,856 SF
Gross Land Area: 62,291 SF
Sale Price: $2,700,000
Unit Price: $304.88 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Yokoso Restaurant
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 5.5%
Average Occupancy Rate: 100
Last Updated: 6/8/2020

Overview / Comments

Well-known restaurant property in the heart of Summerville sits on 1.43 acres with 60 free parking spaces available. This property has approximately 156 feet of frontage on Berlin G Myers Parkway and 59 feet of frontage on Parkway Ave. With over 23,000+ households within a 3 mile radius. This is a sale-leaseback situation.

Seller would prefer to leaseback for 10 years.

Located just 23 minutes to the Charleston International Airport

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Dorchester County
Tax ID/APN: 137-04-07-013.000
Retail Clientele: General, Family, Business, Recreation
Largest Nearby Street: Berlin G. Myers Parkway
Traffic/Vehicle Count: 19,000
Highway Access: Quick & easy access to I-26
Airports: 14 miles to Charleston International Airport
Area Description: Rapidly growing area with over 23,000 households within a 3 mile radius and median HH income of $59,000/ yr.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,856 SF
Property Condition: Excellent
Year Built: 2009
Roof Type: Arched
Construction/Siding: Block, Brick
Total Parking Spaces: 60
Parking Type: Surface
Sprinklers: Wet
Lot Frontage: 156
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,572 48,505 125,455
Median Age: 39.56 36.56 35.03
Households: 2,215 18,217 46,397

Contact

Photograph of Listing Agent

Sherri E Seymour

The Boulevard Company, LLC SCCMLS Member
843-619-7816 [Office] 843-303-3495 [Mobile] Contact me about this Listing
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