10 Westedge St - Supermarket FOR SALE


Charleston, SC 29403
$25,000,000 USD
303-901-2120
10 Westedge St, Charleston, SC for Sale
$25,000,000 USD
Supermarket - FOR SALE
1/6
null | 5% Cap Rate

10 Westedge St
Charleston, SC 29403


HIGHLIGHTS

  • A+ Charleston Medical District location, newer construction.
  • Enjoy 3 years of high cash flow with 2.85% IO loan!

OVERVIEW

Premium A+ real estate in Charleston Medical Center District! Prime long term NNN solid gold credit of Publix corporate. 16+ years remaining on initial term. Assumable 2.85% financing! 6%+ Cash on Cash return, years 1-3 while on IO. Income increases in subsequent terms. Built-in Publix customer base with 350 apartment units in same building above the store. This 350 unit Apartment Building is owned by an Investment Company, purchased for $134M in 2021.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Publix

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

-

APN/PARCEL ID

460-10-02-020

ASK ABOUT THIS PROPERTY

Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

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Paul ZakovichBiltmore Realty Ltd.More Info
303-901-2120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.