304 King St - Retail FOR SALE


Charleston, SC 29401- Charleston City Market
$6,750,000 USD
843-670-5727
304 King St, Charleston, SC for Sale
$6,750,000 USD
Retail - FOR SALE
1/10
null | 5.01% Cap Rate

304 King St
Charleston, SC 29401
Charleston City Market


HIGHLIGHTS

  • STNL Credit Tenant on long term Lease
  • King Street Retail with high barriers to entry
  • Percent Sales Kicker - Tenant has hit multiple quarters
  • Below market lease rate

OVERVIEW

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer 304 King Street to qualified Buyers. The offering is a Single Tenant Net Leased asset in the heart of Charleston’s retail corridor located directly across from the Apple store. The 6,163 square foot property is 100% leased to BarTaco on a long term lease which features annual escalations and Percent Sales. The space was renovated down to the studs in 2023/2024 with the Tenant contributing $3,000,000 in upfit costs. The historic property features a marble façade with arched glass storefront, repointed brick, 20+ foot ceilings, exposed beams, new MEPs, and luxury finishes/fixtures that encompass BarTaco’s upscale coastal vibe. The property is positioned alongside major National retailers including Apple, Lululemon, H&M, Vuori, Gucci, Skims, and Veronica Beard among others. The site also neighbors three luxury hotels including the Pinch Hotel, Hotel Richemont, and Limelight Hotel which is a newly announced 50-room lodging, restaurant, bar, and rooftop set to break ground next year located directly behind the property. 304 King is also +/- 300 yards from The Charleston Place Hotel which is a 434 key luxury hotel undergoing 5-star renovations. The retail lease features a ten year base term with annual escalations and two (5) year options to renew. Currently, the Tenant is finishing their second Lease Year with the Third Year beginning January 2026 and NOI of $338,130, not including Tenant’s Percent Sales. The Percent Sales have a 7% natural breakpoint based on annual base rent/sales; Bartaco has exceeded this threshold multiple quarters and 2026 is projecting to generate meaningful revenue for the Landlord. Please reach out to learn more.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$881 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

GB

APN/PARCEL ID

457-04-04-018

ASK ABOUT THIS PROPERTY

Joshua SchaapKW CommercialMore Info
843-670-5727

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Joshua SchaapKW CommercialMore Info
843-670-5727

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