7351 Rivers Ave - Freestanding FOR SALE


North Charleston, SC 29406
$2,501,818 USD
843-343-1351
7351 Rivers Ave, North Charleston, SC for Sale
$2,501,818 USD
Freestanding - FOR SALE
1/8
null | 5.5% Cap Rate

7351 Rivers Ave
North Charleston, SC 29406


HIGHLIGHTS

  • Corporate Guaranty
  • Rivers Avenue (54,800 VPD)
  • (1) 5-Year Renewal Option
  • Access to Ashley Phosphate Road

OVERVIEW

Oswald Cooke & Associates is pleased to present a Verizon Wireless retail store located at 7351 Rivers Avenue, North Charleston, SC for sale. The current lease term expires in June of 2030 and the tenant has (1) 5-Year option to renew with a 10% escalation. Rivers Avenue boasts a traffic count of 54,800 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

FOR SALE DETAILS

PRICE

$2,501,818 USD

PRICE/SF

$625 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-2

APN/PARCEL ID

478-03-00-025

ASK ABOUT THIS PROPERTY

Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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