7381 Rivers Ave - Storefront FOR SALE


North Charleston, SC 29406
$5,163,669 USD
843-343-1351
7381 Rivers Ave, North Charleston, SC for Sale
$5,163,669 USD
Storefront - FOR SALE
1/8
null | 6.05% Cap Rate

7381 Rivers Ave
North Charleston, SC 29406


HIGHLIGHTS

  • Rivers Avenue Corridor (57,600 VPD)
  • Corporate Leases
  • NOI has annual increases
  • Starbucks and Sleep Number

OVERVIEW

Oswald Cooke & Associates is pleased to present a two tenant retail center located at 7381 Rivers Avenue, North Charleston, SC. The spaces are leased to Starbucks and Sleep Number. Both Tenants base terms expire in 2029 with (4) 5-year renewal options. Rivers Avenue boasts a traffic count of 57,600 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2022 it was estimated that 7.68 million visitors came to the Greater Charleston area which is more than pre-pandemic records. The economic impact in 2022 from tourists alone was $12.8 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

FOR SALE DETAILS

PRICE

$5,163,669 USD

PRICE/SF

$743 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Sleep Number- Rivers Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B-2

APN/PARCEL ID

478-03-00-121

ASK ABOUT THIS PROPERTY

Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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