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CareNow 8445 Dorchester Rd 4,553 SF Retail Building North Charleston, SC 29420 $3,087,333 ($678.09/SF) 6.50% Cap Rate
Investment Highlights
- 10-Year NN Lease
- Corporate Guaranty
- CareNow Urgent Care Center
Executive Summary
Oswald Cooke & Associates is pleased to offer a single-tenant medical office facility for sale in the Charleston, SC MSA, leased to CareNow Urgent Care, an affiliate of Galen Holding Company. The 4,553 SF building was built in 2018. The 10-Year NN lease commenced in the summer of 2018, which calls for limited landlord responsibilities. The lease has (2) 5-Year renewal options with the same terms and escalations. The property is located just off the Dorchester Road and Ashley Phosphate Road Interchange and is surrounded by retail and residential communities. Other national retailers in the area include Chick-Fil-A, Zaxby’s Popeyes, McDonalds, Publix, Walgreens, Hardee’s, Dollar Tree, Dunkin Donuts, and many others.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,553 SF
Building Class
B
Year Built
2020
Price
$3,087,333
Price Per SF
$678.09
Cap Rate
6.50%
NOI
$200,677
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.87 AC
Zoning
B-2_NC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
CareNow Urgent Care delivers healthcare services across the United States, including Texas locations. Established in 1993 as part of HCA Healthcare, the company offers walk-in clinics with extended hours seven days a week. Services include urgent care for illnesses and injuries, virtual visits, and occupational medicine for businesses. In 2023, CareNow expanded its Texas presence by acquiring FastMed and MedPost clinics. The company emphasizes quality care through UCA accreditation and convenient access via online check-ins and virtual consultations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 181-00-00-095 | Improvements Assessment | $89,904 |
| Land Assessment | $92,040 | Total Assessment | $181,944 |
Property Taxes
Parcel Number
181-00-00-095
Land Assessment
$92,040
Improvements Assessment
$89,904
Total Assessment
$181,944
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CareNow | 8445 Dorchester Rd
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