404-832-1251
4400 Dorchester Rd, North Charleston, SC for Sale
Supermarket - FOR SALE
1/4
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4400 Dorchester Rd
North Charleston, SC 29405


HIGHLIGHTS

  • Food Lion & CVS Anchored Shopping Center in the Charleston Market
  • Outstanding Rent Growth Opportunity: Much of the small shop tenants leases rollover in next 2 years averaging $11 PSF
  • Strong Tenancy Duration: Weighted Average Tenancy of 27 Years Amongst Tenants
  • Growing Anchor Sales: Food Lion (+18.6% last 4 years)
  • Excellent Visibility on Dorchester Rd: 22,300 VPD
  • CVS Recently Completed Full Renovation of Their Store: Extended their lease until 2035 and added Oak Street Health to the location

OVERVIEW

Franklin Street is pleased to present the opportunity to acquire Brentwood Plaza in North Charleston, South Carolina. Charleston has emerged as one of the Southeast’s most balanced and consistently growing coastal markets. Driven by strong tourism and one of the largest ports on the eastern seaboard. Major advanced-manufacturing employers continue to expand in the market, including Boeing’s $1 billion production investment and Volvo’s ongoing automotive production growth. North Charleston is experiencing significant growth and new developments, including the redevelopment of the Navy Yard that will bring more than 1.2 million square feet of new office space, residences, shopping, and dining to North Charleston. Brentwood Plaza is a 79,000 SF Food Lion and CVS anchored center near Charleston International Airport. The property is conveniently located less than a mile from both I-526 (80,600 VPD) and I-26 (104,000 VPD). Food Lion has limited competition in the immediate area and does not have another location within 4.5 miles in any direction. The center has experienced strong stable tenant history, as both anchors have been in their spaces for 30+ years and completed significant remodels recently. Food Lion remains the most visited grocer in the state of South Carolina and has 164 units in the state. Ownership has complete several capital projects recently and within the last 3 years all roofs were replaced on the property, with new transferable warranties.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brentwood Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

316

LAND DETAILS

CROSS STREETS

Dorchester Rd. & Leeds Ave.

LAND ACRES

7.71 AC

LAND SF

335,848 SF

ZONING

RTL

APN/PARCEL ID

411-05-00-001

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

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