304 King St 6,163 SF Retail Building Charleston, SC 29401 $9,422,460 CAD ($1,528.88 CAD/SF) 5.01% Cap Rate

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer 304 King Street to qualified Buyers. The offering is a Single Tenant Net Leased asset in the heart of Charleston’s retail corridor located directly across from the Apple store. The 6,163 square foot property is 100% leased to BarTaco on a long term lease which features annual escalations and Percent Sales. The space was renovated down to the studs in 2023/2024 with the Tenant contributing $3,000,000 in upfit costs. The historic property features a marble façade with arched glass storefront, repointed brick, 20+ foot ceilings, exposed beams, new MEPs, and luxury finishes/fixtures that encompass BarTaco’s upscale coastal vibe.
The property is positioned alongside major National retailers including Apple, Lululemon, H&M, Vuori, Gucci, Skims, and Veronica Beard among others. The site also neighbors three luxury hotels including the Pinch Hotel, Hotel Richemont, and Limelight Hotel which is a newly announced 50-room lodging, restaurant, bar, and rooftop set to break ground next year located directly behind the property. 304 King is also +/- 300 yards from The Charleston Place Hotel which is a 434 key luxury hotel undergoing 5-star renovations.
The retail lease features a ten year base term with annual escalations and two (5) year options to renew. Currently, the Tenant is finishing their second Lease Year with the Third Year beginning January 2026 and NOI of $338,130, not including Tenant’s Percent Sales. The Percent Sales have a 7% natural breakpoint based on annual base rent/sales; Bartaco has exceeded this threshold multiple quarters and 2026 is projecting to generate meaningful revenue for the Landlord. Please reach out to learn more.