215 Saint James Ave
Goose Creek, SC 29445
Walmart Neighborhood Market · Retail Property For Sale

Marcus & Millichap is pleased to present the newly constructed Walmart Neighborhood Market in Goose Creek, SC. Built in 2015 and situated on 6.678 acres of land, Walmart is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy, and a six-pump fuel station on an outparcel to the property. Walmart has an established loyal customer base, which will be served by this new location. Walmart offers an investor an attractive, long-term, opportunity having an initial lease term of 20 years and four, 5-year tenant renewal options. The rent will be $701,866 for the initial term of the lease and is subject to 10% rental increases in Option Periods 1 and 2, and 5% rental increases in Options 3 and 4. The lease is a modified triple-net lease, whereby the landlord is responsibly for roof and structure. The tenant is responsible for all other maintenance, real estate taxes, insurance, and CAM. The landlord will benefits from a new 15-year warranty on the roof and a 1-year warranty for construction. The subject Walmart is situated on the west side of Saint James Avenue (U.S. Route 176), less than one-half mile from U.S. Route 52 and minutes from Interstate 26; all major thoroughfares serving Goose Creek and throughout South Carolina. The property is strategically positioned to benefit from strong traffic counts in front of the site, nearly 41,000 per day, and will draw customers from a population of 121,390 within a five-mile radius. Goose Creek is home to a mixture of local and nationally recognized retailers. Located in the highest traffic area of the town, this property can benefit from neighboring properties occupied by Publix, Kangaroo Express, Bank of America, Dunkin Donuts, Family Dollar, BB&T, BI-LO, UPS Store, Econo Lodge and many more. Just ten minutes from the Walmart Neighborhood Market is the North Rivers Marketplace home to Lowe' s, Home Depot, Walmart Supercenter, Target, Best Buy and other large retail stores. Raj Ravi Title: SC Broker of Record License: 92639