Overview
- Updated On:
- December 26, 2024
Description
- The AP Group represented a strong 1031 buyer
- 62,198 Square Foot Investment Grade Grocer Anchored Center in Desirable Charleston MSA
- Well Seasoned Tenancy- 66% of the GLA is Leased to Tenants Who Have Occupied Their Space for Over 10 Years, and 80% for Over 8 Years
- Low, Replaceable Rent with Upside
- Additional Parcel with Potential to Develop Another ~10,000 Square Foot Retail Building
- Food Lion, the Investment Grade Anchor, Demonstrated Their Commitment to This Location by Recently Extending Their Lease for 10 Years
- New Roof Over Food Lion and Substantial Work Done on Parking Lot
- The Charleston MSA is One of the Fastest Growing Areas in America with Growth Focused in the Northern Suburbs Including Goose Creek
- Charleston is the Only U.S. City Listed on Travel & Leisure Magazines of ‘Best Cities in the World’ as well as Taking the Number 1 Spot on Their ’15 Best Cities in The United
States’ List for 11 Straight Years - Charleston is consistently ranked amongst the top cities for business by multiple publications including CNBC, Area Development, lendio, Forbes Advisor and more. Some of the largest employers in Charleston include The Boeing Company, Mercedes-Benz Vans, Joint Base Charleston, Volvo and Bosch.
Address: 1316 Red Bank Rd
City: Goose Creek
State/County: South Carolina
Zip: 29445
Country: United States
Property Id: 20812
Price: $ 8,000,000
Price/SF: $128.62
Cap Rate: 7.44%
Building Size: 62,198 SF
Lot Size: 10.24 AC
Year Built: 1986
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