9145 University Blvd - Fast Food FOR SALE


Charleston, SC 29406
$2,182,073 USD
843-343-1351
9145 University Blvd, Charleston, SC for Sale
$2,182,073 USD
Fast Food - FOR SALE
1/10
null | 5.5% Cap Rate

9145 University Blvd
Charleston, SC 29406


HIGHLIGHTS

  • NNN Ground Lease
  • Annual NOI Increases
  • Strong Retail Corridor

OVERVIEW

Oswald Cooke & Associates is pleased to present 9145 University Blvd. in Charleston, SC, an attractive investment opportunity for a qualified buyer. The property is subject to a 20-year absolute NNN ground lease, providing a low-maintenance ownership structure with 1% annual rent increases and one remaining 5-year renewal option. The building was renovated in 2008, and the tenant recently exercised its first 5-year renewal option, demonstrating continued commitment to the location. The current renewal term extends through March 2030. Strategically located on University Boulevard just off Interstate 26, the property benefits from strong surrounding demand drivers and a well-established commercial trade area. The site is positioned within the trade area of Charleston Southern University, with more than 3,300 students, as well as Trident Medical Center, which employs approximately 2,400 people and features 321 beds. The surrounding area is anchored by a strong mix of national and regional retailers and restaurants, including Dunkin’ Donuts, Zaxby’s, Waffle House, Sonic, Starbucks, Firehouse Subs, Arby’s, Family Dollar, and many others.

FOR SALE DETAILS

PRICE

$2,182,073 USD

PRICE/SF

$726 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

C

APN/PARCEL ID

486-00-00-104

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 Notice.