1544 Central Ave - Bank FOR SALE


Summerville, SC 29483
$5,736,000 USD
980-498-3293
1544 Central Ave, Summerville, SC for Sale
$5,736,000 USD
Bank - FOR SALE
1/5
null | 5.75% Cap Rate

1544 Central Ave
Summerville, SC 29483


HIGHLIGHTS

  • CHARLESTON, SC MSA – HIGH-GROWTH COASTAL MARKET
  • NEW CONSTRUCTION
  • STRONG CREDIT TENANTS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - New 10-year leases with corporate guarantees - Secure, long-term cash flow - Four (4) five-year renewal options for Starbucks - Four (4) five-year renewal options for Heartland Dental - 10% rent increases every five years - Escalations apply during base term and options - Strong hedge against inflation and long-term income growth STRONG CREDIT TENANTS - Leased to two nationally recognized tenants - Heartland Dental operates 1,800+ locations nationwide - Diversified and stable dental services platform - Starbucks operates 38,000+ locations worldwide - Publicly traded on NASDAQ (SBUX) - Strong global brand and consistent operating performance - Durable income with low probability of default POSITIONED IN DENSE RETAIL NODE - Located in a dense retail corridor - Across the street from a Publix-anchored center - 300,000+ SF of retail within a 1-mile radius - Nearby retailers include Publix, Family Dollar, AutoZone, and Grayco Hardware & Home Goods NEW CONSTRUCTION - Newly constructed multi-tenant retail asset - Built to each tenant's current prototype and specifications - Heartland Dental completed build-to-suit with significant capital investment - Warranties in place - Starbucks features modern prototype with drive-thru - Enhanced digital and mobile ordering capabilities - Designed for operational efficiency and long-term performance CHARLESTON, SC MSA – HIGH-GROWTH COASTAL MARKET - Located in the Charleston metropolitan area - High-growth coastal market in the Southeast - Strong population growth and job creation - Diverse economy: tourism, logistics, manufacturing, healthcare - Attractive quality of life and ongoing infrastructure investment - Supports long-term retail performance and investment stability STRONG LOCAL ECONOMIC DRIVERS - Located in Summerville, one of the fastest-growing communities in the Charleston metropolitan area - Strong residential and commercial development - Near major employers including Boeing, Volvo Cars, Mercedes-Benz Vans, and the Port of Charleston - Employment growth driving population and income expansion - Supports long-term demand for healthcare and financial services

FOR SALE DETAILS

PRICE

$5,736,000 USD

PRICE/SF

$2,699 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Heartland Dental | Charleston MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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