Starbucks/Sleep Number Rivers Ave

$ 5,374,690North Charleston, SC

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Property Details


  • 5.5% CAP Rate
  • (Q2 – 2024 5.73% CAP)
  • NOI has annual rent escalations
  • 44,800 VPD (Rivers Avenue)
  • Corporate Leases


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 terms have a 10-Year base lease structure and renewal options . Rivers Avenue boasts a traffic count of 44,800 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and many others. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.