2 Retail Center Portfolio

Shopping Center for Sale
Catylist Listing ID: 30815384
Property Subtypes: Fashion/Specialty, Mixed Use, Neighborhood Center, Net Leased
Building Size (RSF): 16,483 SF
Gross Land Area: 1.34 Acres
Sale Price: $8,500,000
Unit Price: $515.68 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Moncks Corner Plaza
Usable Size (USF): 16,483 SF
Sale Terms: Cash to Seller
Cap Rate: 5.4%
Average Occupancy Rate: 100
Last Updated: 9/26/2022

Overview / Comments

This Retail Investment Portfolio contains 2 Retail Centers located in growth areas of the Charleston MSA.

Site 1: 102 Rembert C Dennis Blvd, Moncks Corner, SC High visibility 8 Tenant Retail Plaza on Hwy 52 & Rembert C Dennis Blvd. 16,483 SF, VPD: 23,700
NNN Fees: $6.00 PSF. Cap Rate 5.4%.

Site 2: 2817 Maybank Hwy & River Road, Johns Island SC. High visibility 8 Tenant Center. 14,400 SF, VPD 21,300, NNN Fees: $5.97 PSF. Cap Rate 5.4%.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Taxing Authority: Berkeley County
Tax ID/APN: 313-00-00-260
Zoning: GC - General Commercial District
Retail Clientele: General, Family, Business, Recreation
Property Located Between: HWY 52 & Rembert C Dennis Blvd.
Property Visibility: Excellent
Largest Nearby Street: Hwy 52
Feet of Frontage: 230
Traffic/Vehicle Count: 27,600
Highway Access: Dennis C Rembert Blvd to Hwy 52
Airports: Charleston International Airport
Site Description: 16,483 SF Retail Center with 8 Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1998
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Masonary
Parking Ratio: 3.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface lot and side lot.
Total Parking Spaces: 58
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Water Rights, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,312 13,250 19,197
Median Age: 32.82 35.33 36.76
Households: 1,236 4,783 7,090


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