7800 Rivers Ave - Freestanding FOR SALE
North Charleston, SC 29406 |
$9,960,000 USD
216-264-2000
7800 Rivers Ave
North Charleston, SC 29406
HIGHLIGHTS
- 100% Leased, Two-Tenant NNN Retail Center With Full Recovery of Taxes, Insurance, and CAM Expenses
- Long-Term Lease Structure With a 9.25-Year Weighted Average Lease Term Providing Durable Cash Flow
- Hobby Lobby Anchors the Property With 84.6% of GLA and a Recent 10-Year Lease Extension Through February 2036
- High-Exposure Location Along Rivers Avenue With Traffic Counts of Approximately 69,800 Vehicles Per Day
- Immediate Proximity to I-26 Entrance and Exit Ramps With Traffic Volumes Exceeding 108,000 Vehicles Per Day
- Redeveloped and Fully Renovated in 2016 With High- Image Facades and a TPO Roof Backed by a Firestone 20-Year Warranty (Appx 10 Years Remaining)
FOR SALE DETAILS
PRICE
$9,960,000 USD
PRICE/SF
$153 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hobby Lobby & Boot Barn
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
212
LAND DETAILS
LAND ACRES
6 AC
LAND SF
261,360 SF
ZONING
B-2
APN/PARCEL ID
484-00-00-112
ASK ABOUT THIS PROPERTY
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216-264-2000
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216-264-2000
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