1027-1030 Folly Rd
Charleston, SC 29412

Current Tenants Papa Johns Pizza - Unit 1 - 1,576 SF - Current Rent $19 PSF (Annual) Lease Expiration - 5/2023 Escalations - 3% annual escalations Options - Tenant is in their first of two (2) renewal options both with 3% annual escalations. Current term commenced 6/1/18 and expires 5/31/23. There is one (1) remaining five (5) year option period starting on 6/1/23 at $22.14 SF with 3% annual escalations. Tenant Notes - Tenant is Ro Ho Ho, Inc. a large, long term, multi unit operator. Crystal Nail and Spa - Unit 4 - 1,353 SF - Current Rent $26 PSF (Annual) Lease Expiration - 8/2021 Escalations - 3% annual escalations Options - Current term of Five (5) years commenced September 1, 2016 and expires on August 31, 2021. No renewal options. Tenant Notes - Lease has personal guaranty by owner of business. There has been a nail salon in the center since it was originally constructed in 2006. UltraTan - Unit 3 - 1,382 SF - Current Rent $25 PSF (Annual) Lease Expiration - 7/2022 Escalations - 3% annual escalations Options - Current term commenced 8/1/17 and expires 7/31/22. There is one (1) remaining five (5) year option period starting at $28.15 SF on 8/1/22 with 3% annual escalations. Tenant Notes - Lease has a corporate guarantee. Advance America Cash Advance - Unit 2 - 1,504 SF - Current Rent $16 PSF (Annual) Lease Expiration - 6/2021 Escalations - None Options - Lease expires 6/30/2021. There are no renewal options. Tenant Notes - Tenant is a large multi unit operator with over 2,000 locations nationwide. Avalon Vapor - Unit 1 - 1,582 SF - Current Rent $24 PSF (Annual) Lease Expiration - 6/2023 Escalations - 3% annual escalations. Options - Lease expires 6/30/2023. There are no renewal options. Tenant Notes - Lease has personal guaranty by owner of business.