Verizon with recent extension Charleston MSA

Retail-Commercial for Sale
Catylist Listing ID: 30803101
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 2,475 SF
Gross Building Area: See Agent
Sale Price: $1,075,000
Unit Price: $434.34 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 5.29%
Last Updated: 6/23/2022

Overview / Comments

Great real estate fundamentals. Located on busy St James Ave, the tenant recently signed a new five-year extension. A strong credit tenant and one of the largest Verizon resellers in the country. The tenant has been operating at this location since February 2017. The current rent is under market considering the growth of the trade area. This retail pocket includes major retailers including Publix, several national QSR’s and many others. Goose Creek recently initiated beautification throughout this commercial trade defining this as the dominant retail corridor in the area.

Current Tenants

Tenant Business Name Verizon Wireless

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 73 - G.Creek/M.Corner Hwy.17a to Hwy.52
Tax ID/APN: 2430805005
Retail Clientele: General
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1991

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,305 64,180 122,075
Median Age: 37.68 33.58 32.12
Households: 2,775 23,619 44,279

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