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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 Under Contract
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 operations in 1979 as Auto Shack in Arkansas and grew into a retailer and distributor of automotive replacement parts and accessories. AutoZone serves do-it-yourself customers and commercial customers through store locations and digital channels, with product lines that include new and remanufactured hard parts, maintenance items, accessories, and non-automotive products for cars, sport utility vehicles, vans, and light-duty trucks. AutoZone also maintains a market presence across the Americas, including operations in the United States, Mexico, and Brazil.
| 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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