Rivers Avenue 0.41 Acres

Retail-Commercial for Sale
Catylist Listing ID: 30355909
Property Subtypes: Retail-Pad, Vehicle Related, Other
Building Size (RSF): 1,724 SF
Gross Building Area: See Agent
Sale Price: $450,000
Unit Price: $261.02 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 7.25%
Last Updated: 3/19/2019

Overview / Comments

Oswald Cooke & Associates is pleased to offer a net leased, single tenant investment located at 5522 Rivers Avenue in North Charleston, South Carolina. The property is located in one of the busiest corridors in the MSA with over 42,500 VPD on Rivers Avenue. The current tenant is an auto sales company, with a lease running through July 2020 with an additional 3-Year renewal option. Interstate 526 and Interstate 26 are both less than half mile away. This corridor is home to multiple dealerships. The Charleston Naval Base, North Charleston Port Terminal, Boeing Plant, and Charleston International Airport are also in close proximity to the site.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 4720800097
Year Built: 1985

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,615 51,912 123,104
Median Age: 32.65 32.9 33.62
Households: 3,623 20,021 47,540

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