Attractive Yield – 12.50% CAP | Low Price Point Drug Store – $1,859,216 | Charleston, SC

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

1195 Remount Rd
Charleston, SC 29406

  • Price: $1,859,216
  • Cap. Rate: 12.50%
  • NOI: $232,402
  • Building Size: 10,908SF
  • Lot Size: 1.40 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • 10,908sqft Building Situated on 1.40 Acres of Land
  • Prototypical Freestanding Building with Drive-Thru
  • Low Price Point Drug Store - Base Rent: $21.30 per S/F
  • Four (4), Five-Year Options with Rental Increases
  • Excellent Points of Ingress and Egress from Both Directions
  • Average Household Income within a 3-Mile Radius is $49,224
  • Nearest Walgreens to Subject Site is 1.50 Miles Away
  • Remount Road & N Rhett Ave boasts Combined Traffic Counts of 46,979 VPD +/- | Within a 1/2 Mile From Interstate I-526
  • Newly Developed Arby’s/Cinnabon/Pilot Flying Center Located Directly Across the Street from the Subject Site | 50 Parking Spaces, 4 Showers, and 6 Diesel Fuel Lanes Available On Site
  • Site is Located 5.4 Miles From the Charleston International Airport
  • Located Within Close Proximity to the Joint Base Charleston, a United States Military Facility that Provides service to over 79,000 Airmen, Sailors, Soldiers, Marines, and more | Please Click Here For Additional Information
  • Site is Located Within Close Proximity to Matilda Dunston Elementary, Hanahan Middle School, and Academic Magnet High School
  • Neighboring National Tenants Include: Food Lion, Hardee’s, Circle K, Subway, Family Dollar, CVS Pharmacy, Exxon, Pilot Flying Center, Arby’s, and more