Overview
- Updated On:
- December 26, 2022
- 2,310.00 ft2
Description
- Closed at 4.82% Cap Rate | $80,000 over list price with favorable terms to the seller
- Absolute NNN Lease with Zero Landlord Responsibilities | 17.5 Years Remaining on Base Term
- Building Recently Renovated in 2020 | Strong Guarantee by One of Nation’s Largest Wendy’s Franchisees
- 7% Rent Escalation Every 5 Years, Including Option Periods
- Four, 5-Year Options to Renew
- Located at Y Intersection, Exposed to Approximately 54,800 VPD via S Goose Creek Boulevard and 23,100 VPD via Red Bank Road
Address: 101 Red Bank Rd
City: Charleston, Goose Creek
State/County: South Carolina
Zip: 29445
Country: United States
Property Id: 19858
Price: $ 2,200,000
Property Size: 2,310.00 ft2
Property Lot Size: 1.00 ft2
Cap Rate: 4.82%
Rentable Area: 2,310 SF
Lot Size: 1.03 AC
Year Built: 1983/2020
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Ani Paulson
Team Lead | Senior Director Investments
Ani Paulson and her team, focus on the analysis and disposition of office/industrial & ...
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