316 King Street - Stabilized Retail / Resi Investment
|Catylist Listing ID:
Mixed Use, Street Retail, Other
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller, Other
Overview / Comments
Avaiable for purchase is the recently renovated mixed use property in the heart of King Street. The property is fully leased to two reputable retailers on the first floor, Salt Life and Sugar OMG, as well as a 5 bed room apartment on the second & third floor.
The retail was renovated and leased in 2019/2020 on triple net leases with annual escalations. Salt Life is a national company owned by Delta Apparel which has a market cap of over $80M.
The 5 bed residential unit was renovated in 2018 and has 2 kitchens and 5.5 baths. Additionally, the unit can be divided into two units, as there is a connecting interior door that connects the units.
The property is located amongst other major retailers including Apple, Pottery Barn, William Sonoma, Yeti, Sephora, Marine Layer, Steve Madden and many more. Additionally, the property is a block of College of Charleston's campusand has a walk score of 96.
Attachments & Media
||51 - Peninsula Chas. inside of crosstown
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