Tanger Outlets Outparcel NNN-Ground Lease

Retail-Commercial for Sale
Catylist Listing ID: 30533815
Property Subtypes: Restaurant, Retail-Pad
Building Size (RSF): 2,856 SF
Gross Building Area: See Agent
Gross Land Area: 0.91 Acres
Sale Price: $1,750,000
Unit Price: $612.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.67%
Last Updated: 7/24/2020

Overview / Comments

Oswald Cooke & Associates is pleased to offer 4954 Centre Pointe Boulevard for sale. The 2,856 square foot building sits on a 0.91 acre parcel that is fully leased through December 2032. The current tenant has vacated the building. The site sits directly across the street from Tanger Outlets along with numerous other national retailers. There are over 80,000 daytime employees that work within a five mile radius of this site.

The Centre Pointe development is located at the geographic center of the Charleston Market at the intersection of Interstates 26 and 526. The national retailers in the area include: Tanger Outlets, Wal-Mart, Sams, Field and Stream, Chick-Fil-A, Steak ‘N Shake, Five Guys, Chipotle, and many more. The North Charleston Coliseum is less than a mile away as well as the Charleston Area Convention Center. There are numerous hotels in the immediate vicinity including: Crowne Plaza, Marriott, Embassy Suites, Fairfield Inn, Aloft, Holiday Inn Express, Hyatt Place, and many more. Just across Interstate 526 is the Boeing Company (8,000 employees), Charleston International Airport, and JointBase Charleston (22,000 employees) and Verizon Wireless call center (800 employees) and many more. Please contact Benjy for more details.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 400-00-00-148
Zoning: CRD - Commercial Redevelopment District
Property Visibility: Excellent
Year Built: 2012

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,560 60,016 131,665
Median Age: 30.4 33.9 34.45
Households: 2,069 22,980 52,542

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