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1820 N Highway 17 7,130 SF 100% Leased Retail Building Mount Pleasant, SC 29464 $5,530,000 ($775.60/SF) 6% Cap Rate
Investment Highlights
- National Credit Tenancy
- Long Operating History (20+ Years from both tenants)
- Top Tier Southeast Market - 3x U.S. Average Growth
- Irreplaceable Hard-Corner Signalized Intersection - HWY 17
- Affluent and Booming Demographics ($202K Avg HH Income - 1-mile)
- Favorable Lease Structures - NNN
Executive Summary
This offering presents the opportunity to acquire a dual-tenant net-leased investment occupied by Starbucks (BBB+ S&P rated) and National Tire & Battery, two established national operators with more than 20 years of successful operating history at the site. Both tenants recently extended through 2030 with multiple renewal options, providing long-term income visibility, limited landlord responsibilities, and embedded rental growth through contractual increases. NTB is responsible for maintenance and repair of roof, structure, building and operating expenses.
The property is strategically positioned along highly trafficked U.S. Highway 17 (65,300+ VPD) in Mount Pleasant — one of the most affluent and supply-constrained submarkets in the Charleston MSA — surrounded by top national retailers and minutes from downtown Charleston and premier coastal destinations. Supported by exceptional demographics, strong regional economic drivers, and continued population growth exceeding the national average, the investment offers secure cash flow backed by irreplaceable real estate fundamentals in one of the Southeast’s most desirable markets.
The property is strategically positioned along highly trafficked U.S. Highway 17 (65,300+ VPD) in Mount Pleasant — one of the most affluent and supply-constrained submarkets in the Charleston MSA — surrounded by top national retailers and minutes from downtown Charleston and premier coastal destinations. Supported by exceptional demographics, strong regional economic drivers, and continued population growth exceeding the national average, the investment offers secure cash flow backed by irreplaceable real estate fundamentals in one of the Southeast’s most desirable markets.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,130 SF
Building Class
B
Year Built
2005
Price
$5,530,000
Price Per SF
$775.60
Cap Rate
6%
NOI
$331,529
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.83 AC
Frontage
145’ on HWY 17
Nearby Major Retailers
Property Taxes
| Parcel Number | 558-00-00-147 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $180,000 |
Property Taxes
Parcel Number
558-00-00-147
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$180,000
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1820 N Highway 17
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