Starbucks/Sleep Number NNN Lease

Oswald Cooke & Associates is pleased to present a two tenant retail center located at 7381 Rivers Avenue, North Charleston, SC. The spaces are leased to Starbucks and Sleep Number. Both Tenants base terms expire in 2029 with (4) 5-year renewal options. Rivers Avenue boasts a traffic count of 57,600 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2022 it was estimated that 7.68 million visitors came to the Greater Charleston area which is more than pre-pandemic records. The economic impact in 2022 from tourists alone was $12.8 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

PRICE: $5,000,000

CAP RATE: 6.33%

NOI: $316,859

TMS: 478-03-00-121

SQUARE FOOTAGE: 6,950 SF

LOT SIZE: 0.79 Acres

YEAR BUILT: 2013

ZONING: B-2, City of North Charleston