$3,400,000 USD
854-203-0378
2029 Wambaw Creek Rd
Charleston, SC 29492
North Daniel Island
HIGHLIGHTS
- Rare opportunity to acquire the 16,000 SF Gymnastics Academy of Charleston operating under a brand-new 15-year, Triple Net (NNN) Lease
- Located in a high-income area with over 41,000 residents within a 5-mile radius, earning an average household income exceeding $141,000
- Home to the well-regarded Gymnastics Academy of Charleston, a trusted name in youth athletics for nearly 20 years with a track record of excellence
- Built in 2017, the facility is in excellent condition and purpose-built for youth development; Elevate Youth Development occupies 100% of the building
- Offered at just $212 per SF — significantly below replacement cost and market comps for similar Triple Net (NNN) Lease investments
- Clements Ferry facility is the premier gymnastics and tumbling facility in the Low Country. The gym is a 16,000 SF air-conditioned facility
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 16,000 SF Elevate Youth Development of Charleston, located at 2029 Wambaw Creek Road in Charleston, SC. This offering presents a rare opportunity to acquire a newly built 16,000 SF gymnastics facility, secured by a brand-new 15-year Triple Net (NNN) Lease with Elevate Youth Development. The lease structure ensures long-term, passive income from a strong and stable tenant, making this an attractive and secure investment opportunity.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
FOR SALE DETAILS
PRICE
$3,400,000 USD
PRICE/SF
$213 USD /SF
CAP RATE
7.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Elevate Youth Development of Charleston
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
R-4
APN/PARCEL ID
271-04-03-006
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854-203-0378
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854-203-0378
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