Starbucks - Sleep Number Rivers Ave

Retail-Commercial for Sale
Catylist Listing ID: 30783753
Property Subtypes: Day Care Facility, Free-Standing Building, Restaurant, Retail-Pad, Other
Building Size (RSF): 6,950 SF
Sale Price: $5,828,160
Unit Price: $838.58 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 4.9%
Last Updated: 6/23/2022

Overview / Comments

Oswald Cooke & Associates is pleased to present a two tenant retail center located at 7381 Rivers Avenue, North Charleston, SC. The spaces are leased to Starbucks and Sleep Number, both terms have a 10-Year base lease structure and renewal options . Rivers Avenue boasts a traffic count of 44,800 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and many others. 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.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 478-03-00-121
Year Built: 2013

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,593 65,218 131,557
Median Age: 28.79 31.55 32.23
Households: 2,038 25,063 49,444

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