NNN Investment Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30105999
Property Subtypes: Mixed Use, Street Retail
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 3,116 SF
Gross Building Area: See Agent
Sale Price: $885,000
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 2,557 SF
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 1/12/2018

Overview / Comments

Net leased investment - leased to Tenet Health who has been a tenant since 2005 with about 18 months of the lease remaining. Perfect scenario for a investor to extend the lease, occupy it themselves, or add value by re-leasing it to a retail user at a higher rent. This unit will cash flow from the beginning with the potential to add value in the short-term.

Located 10 minutes from the airport, Daniel Island has seen substantial growth in recent years and continues to grow with housing and investments from companies like BlackBaud and BenefitFocus.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 77 - Daniel Island
Tax ID/APN: 275-12-05-002
Is Condo?: Yes
Year Built: 2007

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 19,012 98,733
Median Age: 38.17 35.94
Households: 7,652 39,838
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