This Retail Property is Off-Market.

1846 Remount Rd.
North Charleston, SC 29406 ·

825 SF · Retail For Sale

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Price N/A Construction Status Under Construction/Proposed
Building Size 825 SF Cap Rate 7.50%
Property Type Retail Tenancy Single
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

Description

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.

Research

1846 Remount Rd., North Charleston, SC 29406 (Charleston County)

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