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
Sale Price: $4,850,000
Unit Price: $81.36 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Marvin's
Sale Terms: Cash to Seller
Cap Rate: 7.06%
Last Updated: 10/15/2018

Overview / Comments

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 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

NO BUYER BROKER FEE OFFERED

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Tax ID/APN: 143-00-00-007
Zoning: GC - General Commercial District
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Good
Year Built: 2001
Parking Type: Surface
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.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,762 12,311 18,054
Median Age: 35.27 35.39 37.25
Households: 1,405 4,452 6,681

Contact

Photograph of Listing Agent

Chip B Shealy, Jr

CBRE, Inc SCCMLS Member
Photograph of Listing Agent

Joyce G Beach

CBRE, Inc SCCMLS Member
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