STRIP CENTER | 5075 Dorchester Rd
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STRIP CENTER 5075 Dorchester Rd
6,161 SF 100% Leased Retail Building North Charleston, SC 29418 $1,095,000 ($178/SF) 9.66% Cap Rate
Investment Highlights
- The current owner renovated the property spring of 2023, putting significant investment into a new roof, new HVAC systems, wiring, and plumbing.
- This June, Charleston-North Charleston (SC) ranked first in the fastest-growing metro economies according to the Bureau of Labor Statistics
- Priced at an attractive cap rate of 10.13%, this investment allows for a potential new owner to have a healthy spread in today’s high interest rate
- Riverfront Master Development plan in the works along the Cooper River continues to drive interest in the North Charleston investment market.
- High Growth Corridor: This property is located within a half-mile to Greystar’s new 336-unit multifamily development.
- This could be especially attractive to investors who are looking for a short-term investment with a high return.
Executive Summary
Kyle Matthews
License No. 22684 (SC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 22684 (SC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,161 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$1,095,000
Price Per SF
$178
Cap Rate
9.66%
NOI
$105,777
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.69 AC
Zoning
Commercial - Commercial
Parking
25 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
214 FT on Dorchester Rd
Amenities
- Bus Line
- Freeway Visibility
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 408-15-00-073 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $33,000 |
PROPERTY TAXES
Parcel Number
408-15-00-073
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$33,000
Contacts
-
Ashleigh Liguori -
Maxxwell Bauman -
Matthew Wallace -
Matthews Real Estate Investment Services
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STRIP CENTER | 5075 Dorchester Rd
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