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1021 Ewall St 3,120 SF Retail Building Mount Pleasant, SC 29464 $4,303,273 ($1,379.25/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment-Grade Tenant
- Affluent Demographics
- Early Lease Extension
- Strategic Location
- Hard-Corner Location
- Charleston MSA
EXECUTIVE SUMMARY
PNC Bank operates under a Double Net lease with landlord responsibilities limited to the roof and structure. The tenant has just executed an early five (5) year lease extension, bringing the total lease term remaining to ± 6.5 years.
Strategically located in the high-growth Charleston MSA, the Property benefits from strong visibility and access along a high-traffic corridor. The area boasts affluent demographics, with an average household income exceeding $151,000 within a 5-mile radius. PNC Bank (NYSE: PNC) is one of the largest financial institutions in the U.S., with $550+ billion in assets and a strong market presence. The company has been a trusted banking partner for over 170 years, reinforcing the stability of this investment opportunity.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Finance and Insurance
- -
- -
- -
PNC offers a wide range of services for all their customers, from individuals and small businesses, to corporations and government entities. No matter how simple or complicated a person's needs, they are sure to have the products, knowledge and resources necessary for financial success. The PNC Retail Bank supports the financial needs of millions of individuals, families and small businesses, and fosters lifelong banking relationships built on expert advice and financial solutions across deposits, payments, personal lending, credit card, wealth advisory and brokerage. Through their coast-to-coast branch network, which includes approximately many branches, many PNC and partner ATMs, thousands of highly skilled and knowledgeable bankers, and telephonic, online, and mobile banking channels, they empower their clients with the solutions they need to move forward financially.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 514-00-00-227 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $252,000 |
PROPERTY TAXES
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1021 Ewall St
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