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2039 Savannah Hwy 5,677 SF Retail Building Charleston, SC 29407 $1,895,000 ($333.80/SF) 6.65% Cap Rate
Executive Summary
Presenting the prime opportunity to invest in a thriving medical property, this 5,567 SF building boasts unparalleled appeal for Office / Medical investors. With a strategic location in Charleston, SC, this property offers a solid foundation for success. Renovated in 2019 and currently zoned GB, the building enjoys 100% occupancy under a favorable Triple Net Lease. The lease term is through 2035 annual rent increases of 3%, and a compelling Cap Rate. Positioned for long-term success, this property represents a lucrative investment in the burgeoning Charleston market.Urgent and Primary CareBuilding Size: 5,567 SFRenovated in 2019 Zoned GB 100% OccupancyTriple Net Lease (NNN) Lease Term: 10 years. Annual Rent Increases: 3% Asking Price: $1,895,000 Cap Rate (Avg 5-yr NOI): 6.65%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,677 SF
Building Class
C
Year Built
1991
Price
$1,895,000
Price Per SF
$333.80
Cap Rate
6.65%
NOI
$126,018
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.37 AC
Parking
29 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 100 SF
- -
- Triple Net
- Mar 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 100 SF | - | Triple Net | Mar 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 310-08-00-020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $46,380 |
Property Taxes
Parcel Number
310-08-00-020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$46,380
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2039 Savannah Hwy
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