1630 Red Bank Rd - Supermarket FOR SALE


Goose Creek, SC 29445
$10,626,000 USD
704-697-1900
1630 Red Bank Rd, Goose Creek, SC for Sale
$10,626,000 USD
Supermarket - FOR SALE
1/4
null | 6.25% Cap Rate

1630 Red Bank Rd
Goose Creek, SC 29445


HIGHLIGHTS

  • POSITIONED NEAR MAJOR ECONOMIC DRIVERS
  • INVESTMENT GRADE TENANT
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - Long-Term Lease with more than 10 years remaining - 4 x 5 Year extensions - Minimal Landlord Responsibilities INVESTMENT GRADE TENANT - Wal-Mart, Inc. has a AA Credit rating from the S&P - NYSE: WMT - with a market cap of over $562 Billion Dollars - The brand has been ranked #1 on Fortune 500 Global list - #1 in Global Sales POSITIONED NEAR MAJOR ECONOMIC DRIVERS - More than 913K SF of industrial Space located within a 1-mile radius of the site - Located 10 miles from Charleston International Airport (1.6K full time employees & over 3 million passengers annually) - Over 5.5K students within 2 miles - 2 Miles from AFSB - Charleston (Over 600 personnel) OVERSIZED PARCEL WITH GREAT ACCESS - Over 6 acres provides significant redevelopment upside - Parcel also provides flexibility for adding value through rezoning or higher-density projects - Multiple point of ingress and egress HIGH GROWTH CHARLESTON, SC - 6 acre Site with significant redevelopment upside is located at the intersection of Red Bank Rd (32.5K VPD) and Henry E Brown Jr. Blvd (30.8VPD) - Henry E Brown Jr. Blvd runs to center city Charleston, SC with a population over 157K - Since 2020 the population of Charleston, SC has grown more than 4% - Charleston, SC is growing 3X faster than the US average WALMART NEIGHBORHOOD MARKET - The Neighborhood format was designed in 1998 with around 38,000 SF and 95 employees - With more than 500 stores, the new format is growing rapidly - The site is one of only 400 nationwide to have a Walmart Gas Station attached to the parcel

FOR SALE DETAILS

PRICE

$10,626,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Neighborhood Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

187

LAND DETAILS

LAND ACRES

6.3 AC

LAND SF

274,428 SF

ZONING

GC

APN/PARCEL ID

252-00-00-018

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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