Perfect for Swim School Franchise

Retail-Commercial for Lease
Catylist Listing ID: 30512132
Property Subtypes: Free-Standing Building, Other
Contiguous Space: 5,000 SF
Building Size (RSF): 5,000 SF
Gross Building Area: 25,000 SF
Gross Land Area: 3 Acres
Lease Rate: $1 - 10,000 (Monthly)
$0 - 24 PSF (Annual)
Lease Types: Full Service
Building Name: East Shore Fitness - Formerly 02 Fitness
Usable Size (USF): 5,000 SF
Last Updated: 10/22/2019

Overview / Comments

With the growing popularity of swimming school franchises, compared to the high rent in shopping centers and huge build out costs for a tiny pool just barely big enough for lessons, this is a unique opportunity to lease an existing pool with separate entrance, 3 to 4 times the size at a well established health club residents have been coming to for over 30 years.

Visibility from the road is the best you will find, as well as tons of parking and accessibility from both sides of busy Dorchester Rd. Roof and back deck are old and have been unattended all year by previous owner, so it's a perfect time to upfit and change anything to suit your needs.

Pool has 2 new pumps and is about to re-open. The sudden flood of new gym members could provide instant students for a swim school, cross marketing opportunities, and full service locker rooms with saunas. Owner will begin selling swim memberships for lessons soon if area is not leased. The only competition nearby will be a large aquatic center with 2 pools being built with stadium seating for competitive meets and many people have expressed they do not want to deal with the hassle of parking and getting in and out, working around large events to take a class or swim laps etc.

Swim school franchises are requiring a quarter of a million dollars in build out expenses and rent of 12-40,000 a month so this should be on the low end of anything you will find elsewhere.

Agent operates the health club and will be the Landlord.

Expand All Available Space

Suite: Swimming pool building and surrounding patio area 5,000 SF $1 - 10,000 (Monthly) Full Service
Level/Floor: 1
Space Available: 5,000 SF
Lease Rate: $1 - 10,000 (Monthly)
$0 - 24 PSF (Annual)
Lease Type: Full Service
Space Description: This listing is for the swimming pool and shared locker room attached to a full service health club.

The rent is NOT $1. rent is NEGOTIABLE depending on tenant and type of use.
Date Available: 10/11/2019
Space Type: Sublet
Offices 2
Parking Spaces 80
Rent Escalators Step-Up Lease
Rent Escalators Description 3% annual increase
Rent Concession negotiable

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 61 - N.Chas/Summerville/Ladson Area
Tax ID/APN: 181-00-00-041.000
Retail Clientele: General, Family, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Ashley Phosphate
Airports: CHS
Site Description: level
Area Description: main thoroughfare, surrounded by shopping, new restaurants, and new housing developments
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Roof Type: Other
Construction/Siding: Metal/Glass
Exterior Description: glass and metal pool area
Total Parking Spaces: 80
Parking Type: Surface
Parking Description: Large flat lot with easy access from both sides of Dorchester Rd.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,048 46,892 119,619
Median Age: 33.37 32.68 33.21
Households: 1,725 17,785 45,854


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