NN Lease | Retail Site | Annual NOI Increases | Hwy 17 N
Retail-Commercial
for Sale
| Catylist Listing ID: |
30803593 |
| Property Subtypes: |
Free-Standing Building, Retail-Pad, Other
|
| Building Size (RSF): |
4,250 SF
|
| Sale Price: |
$3,214,285 |
| Unit Price: |
$756.30 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.41% |
| Last Updated: |
11/16/2022 |
Overview / Comments
|
Oswald Cooke & Associates is pleased to offer a new 10-Year NN leased retail store located at 1755 Hwy 17 N in Mount Pleasant, South Carolina. The 4,250 SF building is currently leased to Ferguson Family Mattress Superstore and offers 3% annual rent escalations during the base term and all options. The site is located at a traffic lit intersection on Mount Pleasant’s main retail corridor, Highway 17 N (40,900 VPD). The site has experienced a 35% population growth (5 Miles) over the past ten years. Other national retailers in the area include Walmart, Lowes, Publix Greenwise, Belk, Starbucks, Cook Out, Bojangles, CVS, Gap, Old Navy, and many others. Mount Pleasant is home to the highest income, education and housing demographics in the greater Charleston market.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
42 - Mt.Pleasant South of IOP Connector |
| Tax ID/APN: |
558-00-00-082 |
| Year Built: |
2012 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,971 |
42,204 |
74,630 |
| Median Age: |
39.03 |
40.5 |
39.89 |
| Households: |
3,164 |
18,039 |
30,961 |
|
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