8385 Patriot Blvd - Freestanding FOR SALE


Charleston, SC 29418
$2,500,000 USD
404-441-3849
8385 Patriot Blvd, Charleston, SC for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/10
null | 4.52% Cap Rate

8385 Patriot Blvd
Charleston, SC 29418


HIGHLIGHTS

  • Recently-Extended AutoZone with Corporate Guaranty
  • Net Leased Covered Land Play | Ability to Reposition in 2046 | Only 1 Renewal Option
  • Top 13% of AutoZone locations in the U.S. | Top 3% of AutoZone locations in South Carolina (Placer.ai)
  • Rare Bumps | 2.50% Annually (Starting 10/1/29)
  • Potential Upside | Under-Market Rate | 50% Market Rent
  • Outparcel to Festival Centre | Plans for Future Redevelopment

OVERVIEW

CBRE is pleased to offer the 7,362-square-foot AutoZone Auto Parts positioned on 1.26 acres in North Charleston, South Carolina (MSA Population: 859,469). Built in 2006 under a 20-year lease, AutoZone just extended for an additional 15 years through 2041. The lease includes a corporate guaranty from AutoZone, Inc and features 2.5% annual rent increases starting in October 2029 throughout the initial term. There is one option to renew with a 12% rent increase.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

4.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

B-2_NC

APN/PARCEL ID

181-00-00-054

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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