1846 Remount Rd.
North Charleston, SC 29406 ·
825 SF · Retail For Sale
|Price||N/A||Construction Status||Under Construction/Proposed|
|Building Size||825 SF||Cap Rate||7.50%|
|Property Sub-type||Restaurant||Lot Size||0.48 AC|
|Property Use Type||Net Lease Investment with 10+ years left on lease|
|Listing ID: 18279437||Date Created: 07/25/2013||Last Updated: 08/21/2013|
The subject offering is a 20 year NNN lease with (2) 5 year options and rent increases at 3.5% every two years. There are a multiple national retailers in the trade area, including Walgreens, CVS, Bi-Lo, Hardees and O' Reilly' s. The lease is scheduled to commence in September 2013.
As part of the North Charleston trade area the property is located less than a half mile off of Interstate 26. The site is convenient to the Boeing Headquarters, Kapstone Paper Mill, SPAWAR and the Charleston International Airport. The population of North Charleston increased 22.4% between 2000 and 2010. Traffic counts are 27,800 VPD on Remount Road and 6,800 VPD on Yaemans Hall Road.
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