Catylist ID: #30322898
Opportunity Zone-Single Tenant Net Lease Investment
Retail-Commercial for Sale
|Catylist Listing ID:||30322898|
|Property Subtypes:||Free-Standing Building, Retail-Pad, Street Retail|
|Building Size (RSF):||59,615 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||10.35 Acres|
|Unit Price:||$76.49 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Net Leased Investment (NNN)|
|Sale Terms:||Cash to Seller|
Overview / Comments
OPPORTUNITY ZONE–BROKER FEE AVAILABLE
CBRE Inc is proud to present, to qualified investors only, the opportunity to purchase this net investment of 59,615 sf situated on over 10 acres IN THE OPPORTUNITY ZONE master leased to Central Network Retail Group, doing business as a Marvin’s hardware store. CNRG is a regional, multi brand company operating more than 90 hardware stores, home centers and lumberyards throughout ten states across the US.
The property is a single tenant, retail building located in the high-traffic corridor of Rembert C.Dennis Boulevard in Moncks Corner, South Carolina. Built in 2001, the well-maintained asset is approximately 59,615 square feet on 10.35 acres and is 100% leased to Central Network Retail Group, doing business as a Marvin’s hardware store.
Included in the 10.35 acres are approximately 3 acres of significant upside in undeveloped land, which is currently included in the CNRG lease. This acreage presents a possible future opportunity to be developed or sold at lease expiration with CNRG.
Lowcountry Ice House is leasing approximately 800sf for a standalone ice vending machine. The CNRG lease excludes the income created by this tenant.
SEE LINK TO ACCESS CBRE DEAL FLOW TO SIGN CA AND DOWNLOAD OM
Attachments & Media
|Nearest MSA:||Charleston-North Charleston|
|Submarket/Township:||76 - Moncks Corner/Pinopolis Area|
|Zoning:||GC - General Commercial District|
|Zoning Description:||This district is intended to accommodate a variety of general commercial and nonresidential uses characterized primarily by retail, office and service establishments and oriented primarily to major traffic arteries or extensive areas of predominately commercial usage and characteristics.|
|Proximity:||1 mile||3 miles||5 miles|
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