708 Johnnie Dodds

Retail-Commercial for Sale
Catylist Listing ID: 30663153
Property Subtypes: Free-Standing Building, Retail-Pad, Other
Building Size (RSF): 25,800 SF
Gross Land Area: 1.95 Acres
Sale Price: $5,600,000
Unit Price: $217.05 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Mt. Pleasant Mall
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 6.9%
Average Occupancy Rate: 100
Last Updated: 11/13/2020

Overview / Comments

Net Leased Investment Opportunity!
Approximately 25,800 square foot retail showroom building on 1.95 acres fronting Johnnie Dodds Blvd. in Mt. Pleasant. Close proximity to the Ravenel Bridge and historic downtown Charleston peninsula.
Established tenant in place since 2013 with lease thru 2028.
6.90% cap rate.
NNN lease property. Landlord responsible for roof and exterior walls.
Lease details available with signed CA.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Taxing Authority: Charleston County
Tax ID/APN: 514-00-00-075
Zoning: OTHER
Retail Clientele: General, Family
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1999
Year Renovated: 2013
Construction/Siding: HardiePlank Siding
Total Parking Spaces: 45
Parking Type: Surface
Zoning Description: AB (Areawide Business) Town of Mount Pleasant
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,340 46,816 95,677
Median Age: 40.78 40.27 37.6
Households: 4,714 20,707 40,599

Contact

Photograph of Listing Agent

Will L Sherrod

NAI Charleston, LLC SCCMLS Member
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