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- LoopNet Team
7225 Rivers Ave
North Charleston, SC 29406
B · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT 7225 RIVERS AVE , NORTH CHARLESTON, SC 29406
6.28% Cap Rate - Triple Net Property 4640 SF building, constructed in 2011, divided into 3 suites currently at full occupancy. Half of the building rented by Jersey Mike's Subs restaurant, a multiple units tenant. 9 years remaining on its 10-year lease with 11% rent increase in less than 4 years followed by 2% / year. Hair salon and Dollar store with 3% rent increase/year. Ingress and parking shared with Raising Cane's Restaurant. Located at the signalized intersection of Morris Baker Blvd and Rivers Ave. Rivers Ave has a traffic average of 45,000 Vehicles per Day. This listing includes a fenced and gravel graded 0.28 acres parking restricted lot for a total of 1.13 acres New 280 units apartment complex being built right down the road and next to the property. Completion date around January 2019. 3% Buyer's agent commission protected.
PROPERTY TAXES
| Parcel Number | 478-07-00-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $66,000 |
PROPERTY TAXES
