1021 Ewall St - Bank FOR SALE


Mount Pleasant, SC 29464- Mt Pleasant
$4,303,273 USD
404-823-6360
1021 Ewall St, Mount Pleasant, SC for Sale
$4,303,273 USD
Bank - FOR SALE
1/10
null | 5.5% Cap Rate

1021 Ewall St
Mount Pleasant, SC 29464
Mt Pleasant


HIGHLIGHTS

  • Investment-Grade Tenant
  • Strategic Location
  • Affluent Demographics
  • Hard-Corner Location
  • Early Lease Extension
  • Charleston MSA

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the PNC Bank property located at 1021 Ewall St, Mt. Pleasant, SC (“The Property”). The Property consists of a freestanding retail bank branch spanning ± 3,670 square feet on a prime corner lot. PNC Bank operates under a Double Net lease with landlord responsibilities limited to the roof and structure. The tenant has just executed an early five (5) year lease extension, bringing the total lease term remaining to ± 6.5 years. Strategically located in the high-growth Charleston MSA, the Property benefits from strong visibility and access along a high-traffic corridor. The area boasts affluent demographics, with an average household income exceeding $151,000 within a 5-mile radius. PNC Bank (NYSE: PNC) is one of the largest financial institutions in the U.S., with $550+ billion in assets and a strong market presence. The company has been a trusted banking partner for over 170 years, reinforcing the stability of this investment opportunity.

FOR SALE DETAILS

PRICE

$4,303,273 USD

PRICE/SF

$1,379 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

OI

APN/PARCEL ID

514-00-00-227

ASK ABOUT THIS PROPERTY

Colin CouchNorthmarqMore Info
404-823-6360

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Colin CouchNorthmarqMore Info
404-823-6360

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