Small Retail Strip 100% Leased

Retail-Commercial for Sale
Catylist Listing ID: 30742977
Property Subtypes: Free-Standing Building
Building Size (RSF): 1,968 SF
Gross Land Area: 0.60 Acres
Sale Price: $325,000
Unit Price: $165.14 PSF
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Investment
Building Name: Bey Retail Center
Sale Terms: Cash to Seller
Cap Rate: 9.3%
Average Occupancy Rate: 100
Last Updated: 9/16/2021

Overview / Comments

On Hwy 52: Restaurant, liquor store and clothing store tenants in place.
New Roof, new paint, re-paved and re-striped parking lot, new exterior security cameras, new outdoor seating area with umbrellas, new thermostats for HVAC units, new 100lb grease trap in restaurant. $3000/month gross rents. Insurance $2270/year. Taxes $2544 (2020)

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,544 (Annual)
Gross Operating Income $36,000 (Annual)
Net Operating Income $30,186 (Annual)
Actual or Proforma Year Proforma
Lender Name None

Current Tenants

Tenant Business Name Phresh with Purpose
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $9,000 (Annual)
Suite Number A
SF of Space Occupied 656 SF
Current Rent $750 PSF (Annual)
Options Month-to month
Tenant Business Name ABC Store
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $9,000 (Annual)
Suite Number B
SF of Space Occupied 656 SF
Current Rent $750 PSF (Annual)
Options Month-to-month
Tenant Business Name Eatz on Byrnes
Is Renting? Yes
Annual Revenue $18,000 (Annual)
Suite Number C
SF of Space Occupied 656 SF
Current Rent $1,500 PSF (Annual)
Options Month-to month

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 75 - Rural: Cross/St.Stephens/Bonneau
Tax ID/APN: 026-15-01-003
Zoning: GC - General Commercial District
Retail Clientele: General
Property Located Between: Hwy 45 & Carolina Dr
Property Visibility: Excellent
Largest Nearby Street: Carolina Dr
Feet of Frontage: 180
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,968 SF
Year Built: 1980
Year Renovated: 2020
Roof Type: Flat
Total Parking Spaces: 10
Parking Type: Surface
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,699 6,963
Median Age: 40.36 39.33
Households: 1,008 2,623

Contact

Photograph of Listing Agent

Doug S Richardson

AgentOwned Realty SCCMLS Member
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