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AutoZone: North Charleston, SC 8385 Patriot Blvd 7,362 SF Retail Building Charleston, SC 29418 $2,260,000 ($306.98/SF) 5% Cap Rate
Investment Highlights
- Recently-Extended AutoZone with Corporate Guaranty
- Top 13% of AutoZone locations in the U.S. | Top 3% of AutoZone locations in South Carolina (Placer.ai)
- Potential Upside | Under-Market Rate | 50% Market Rent
- Net Leased Covered Land Play | Ability to Reposition in 2046 | Only 1 Renewal Option
- Rare Bumps | 2.50% Annually (Starting 10/1/29)
- Outparcel to Festival Centre | Plans for Future Redevelopment
Executive Summary
CBRE is pleased to offer the 7,362-square-foot AutoZone Auto Parts positioned on 1.26 acres in North Charleston, South Carolina (MSA Population: 859,469). Built in 2006 under a 20-year lease, AutoZone just extended for an additional 15 years through 2041. The lease includes a corporate guaranty from AutoZone, Inc and features 2.5% annual rent increases starting in October 2029 throughout the initial term. There is one option to renew with a 12% rent increase.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,362 SF
Building Class
C
Year Built
2006
Price
$2,260,000
Price Per SF
$306.98
Cap Rate
5%
NOI
$113,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.26 AC
Zoning
B-2_NC
Parking
46 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
AutoZone began in 1979 as Auto Shack and grew from a single store into a company focused on automotive replacement parts and accessories. AutoZone sells products through retail stores, commercial programs, a website, and a mobile app, with merchandise that includes hard parts, maintenance items, accessories, and related non-automotive products. AutoZone supports do-it-yourself customers with repair guides, how-to articles, diagnostic help, and free in-store testing services for batteries, alternators, and starters. The company also offers the ALLDATA brand of automotive repair information and software, extending its reach beyond parts retail into repair data and shop tools.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181-00-00-054 | Improvements Assessment | $54,420 |
| Land Assessment | $56,700 | Total Assessment | $111,120 |
Property Taxes
Parcel Number
181-00-00-054
Land Assessment
$56,700
Improvements Assessment
$54,420
Total Assessment
$111,120
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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