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2039 Savannah Hwy
Charleston, SC 29407
Retail Property For Sale
Executive Summary
Presenting the prime opportunity to invest in a thriving medical property, this 5,567 SF building boasts unparalleled appeal for Office / Medical investors. With a strategic location in Charleston, SC, this property offers a solid foundation for success. Renovated in 2019 and currently zoned GB, the building enjoys 100% occupancy under a favorable Triple Net Lease. The lease term is through 2035 annual rent increases of 3%, and a compelling Cap Rate. Positioned for long-term success, this property represents a lucrative investment in the burgeoning Charleston market.Urgent and Primary CareBuilding Size: 5,567 SFRenovated in 2019 Zoned GB 100% OccupancyTriple Net Lease (NNN) Lease Term: 10 years. Annual Rent Increases: 3% Asking Price: $1,895,000 Cap Rate (Avg 5-yr NOI): 6.65%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,677 SF
Building Class
C
Year Built
1991
Price
$2,692,226 CAD
Price Per SF
$474.23 CAD
Cap Rate
6.65%
NOI
$179,033 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.37 AC
Parking
29 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 310-08-00-020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $64,481 CAD |
Property Taxes
Parcel Number
310-08-00-020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$64,481 CAD
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