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Starbucks & Sleep Number- Rivers Ave 7381 Rivers Ave 6,950 SF 100% Leased Retail Building North Charleston, SC 29406 $5,000,000 ($719.42/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Rivers Avenue Corridor (57,600 VPD)
  • NOI has annual increases
  • Corporate Leases
  • Starbucks and Sleep Number

EXECUTIVE SUMMARY

Oswald Cooke & Associates is pleased to present a two tenant retail center located at 7381 Rivers Avenue, North Charleston, SC. The spaces are leased to Starbucks and Sleep Number. Both Tenants base terms expire in 2029 with (4) 5-year renewal options. Rivers Avenue boasts a traffic count of 57,600 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2022 it was estimated that 7.68 million visitors came to the Greater Charleston area which is more than pre-pandemic records. The economic impact in 2022 from tourists alone was $12.8 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,950 SF
Building Class
B
Year Built
2013
Price
$5,000,000
Price Per SF
$719.42
Cap Rate
6.25%
NOI
$312,402
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.79 AC
Zoning
B-2
Frontage
117’ on Rivers Avenue

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • -

At Sleep Number®, their purpose is to improve the health and wellbeing of society. They are committed to advancing sleep health; linking smart sleep to individualized wellness through innovation that is informed by data and scientific expertise. Sleep Number is a wellness technology company. They are guided by their purpose to improve the health and wellbeing of society through higher quality sleep; to date, their innovations have improved lives. Their wellness technology platform helps solve sleep problems, whether it’s providing individualized temperature control for each sleeper through their Climate360 smart bed or applying their hours of longitudinal sleep data and expertise to research with global institutions. Their smart bed ecosystem drives best-in-class engagement through dynamic, adjustable, and effortless sleep with personalized digital sleep and health insights; their millions of Smart Sleepers are loyal brand advocates.

  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net -
Accommodation and Food Services - - Triple Net -

NEARBY MAJOR RETAILERS

Regions Bank
7 Brew Coffee
MOD Pizza
Waffle House
Five Guys
LongHorn Steakhouse
Ruby Tuesday
Td Bank
Cracker Barrel Old Country Store
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
478-03-00-121
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$255,290
  • Listing ID: 35212790

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: 7381 Rivers Ave, North Charleston, SC 29406

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