Confidential Shopping Center For Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30290712
Property Subtypes: Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 - 2 Acres
Sale Price: $4,395,000
Unit Price: $293 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 1/23/2019

Overview / Comments

Offered for sale to qualified investors is the rare opportunity to purchase a 100% occupied retail shopping center in one of the fastest high growth areas in Dorchester County and positioned along one of the busiest streets with over 24,000 cars passing the site daily. Current cap rate is 6% and pro forma cap rate ranges between 7.1% in 2019 and 7.93% in 2020. Requires fully executed Confidentiality Agreement by Principal(s) and Principal's Broker; actual and pro forma operating data will be provided. Serious inquiries only. This is a Confidential Sale–Please Do NOT approach tenants or employees of tenants.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Submarket Type: Central Business District
Taxing Authority: Town of Summerville
Tax ID/APN: 000000000
Property Visibility: Excellent
Largest Nearby Street: Contact Agent
Traffic/Vehicle Count: 24,000
Site Description: 5/1,000 parking ratio; established shopping center
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2007
Year Renovated: 2016
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: General Business or B3
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,611 50,410 123,598
Median Age: 37.2 35.92 34.87
Households: 2,347 18,882 45,696


Photograph of Listing Agent

Jonathan C Lee

Choice Realty, Inc. SCCMLS Member
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