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 |
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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