Investment Offering in Mt. Pleasant

Retail-Commercial for Sale
Catylist Listing ID: 30315309
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,178 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $5,306,500
Unit Price: $578.18 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.75%
Average Occupancy Rate: 100
Last Updated: 10/22/2018

Overview / Comments

Carolina Commercial is exclusively offering the unique retail investment property at 695 Johnnie Dodds Boulevard, Mt. Pleasant, SC. This is a rare opportunity to own a trophy multi-tenant newly developed property in a high barriers market. It includes 9,178 square feet of retail and medical office space on .86 acres. Irreplaceable infill location in the heart of Mt. Pleasant. Visible to over 50,000 cars per day.

Occupancy is 100%. Tenants include Carolina Mattress and furniture, Clean Juice, Orange Theory Fitness and Charleston orthodontic Specialists. Market based NNN rents with 10 and 15 year leases that commenced in 2018.

Please contact Listing Broker for full Offering Memorandum.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Tax ID/APN: 517-04-00-358
Retail Clientele: Business
Traffic/Vehicle Count: 50,000
Airports: Charleston International Airport
Area Description: Mt. Pleasant is one of the most dynamic retail markets in the United States. The trade area is experiencing record setting population growth and residential development with its natural beauty, nearby beaches, schools and award-winning quality of life.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,913 43,337 99,335
Median Age: 41.8 41 37.68
Households: 5,230 19,368 42,147

Contact

Photograph of Listing Agent

Dunston Powell, III

Carolina Commercial, LLC SCCMLS Member
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