La Hacienda Mexican Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30655576
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 3,682 SF
Gross Building Area: See Agent
Sale Price: $2,450,000
Unit Price: $665.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 6.85%
Last Updated: 7/19/2021

Overview / Comments

The subject property located at 1859 Sam Rittenberg Blvd in Charleston is leased to La Hacienda Mexican Restaurant. The tenant has 7+ years remaining on their base term and has (1) - five year option with 10% rental increases every five years.

The tenant benefits from a strong location along a major retail corridor with excellent visibility from the road. The property is a one mile drive from the Citadel Mall and is among a variety of major retailers including: TJ Maxx, Costco, Home Goods, Total Wine, Harris Teeter, Best Buy and many others.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 3511400001
Property Visibility: Excellent
Tenancy: Single Tenant
Year Built: 1987

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,965 55,003 143,625
Median Age: 32.72 37.87 34.89
Households: 6,806 25,026 60,145
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