320 Wingo Way - Loft/Creative Space FOR SALE


Mount Pleasant, SC 29464- Mt Pleasant
$11,446,000 USD
980-498-3293
320 Wingo Way, Mount Pleasant, SC for Sale
$11,446,000 USD
Loft/Creative Space - FOR SALE
1/5
null | 6.5% Cap Rate

320 Wingo Way
Mount Pleasant, SC 29464
Mt Pleasant


HIGHLIGHTS

  • IRREPLACEABLE LOCATION
  • HIGH BARRIERS TO ENTRY
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Each Tenant has signed a new lease and are corporately guaranteed - Both leases include annual 3% rental increases - The two leases are Triple Net (NNN) with absolutely zero landlord responsibilities or slippage IRREPLACEABLE LOCATION - 320 Wingo Way is located just off of Johnnie Dodds Blvd which sees over 81K vehicles per day - This site sites just before the base of the Arthur Ravenel Bridge which connects Mt Pleasant, Isle Of Palms, Sullivans Island, and other vacation spots to Charleston, SC DENSE RETAIL NODE - This site is located within a dense retail node just before the Arthur Ravenel Jr. Bridge - Within a 1-mile radius of the site is more than 964K SF of retail space - Nearby National Retailers include: Harris Teeter, Whole Foods Market, ALDI, Trader Joe’s, and more STRONG DEMOGRAPHICS - Within a one-mile radius of the site the AHHI exceeds $170K - Within a three-mile radius of the site are more than 45K people - Within a three-mile radius of the site are more than 20K homes - Within this area the average household income in very high and it is a densely populated community providing nearby customers with discretionary income HIGH GROWTH CHARLESTON MSA - The site is located under 5-miles from downtown Charleston, SC - The Charleston, SC MSA has a growth rate annually of around three times the national average - Since 2014 the population of Charleston has increased 14% HIGH BARRIERS TO ENTRY - Rare opportunity to acquire a recently constructed, multi-tenant asset in the high desirable Mt. Pleasant, SC market - Available quality commercial investments are scarce in the Charleston MSA, offering investors potential for long-term value and stability

FOR SALE DETAILS

PRICE

$11,446,000 USD

PRICE/SF

$658 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Mixed Use Charleston, SC Asset

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

GC

APN/PARCEL ID

514-13-00-072

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 Policy.