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6285 Rivers Ave 3,791 SF Retail Building Charleston, SC 29406 $1,221,605 CAD ($322.24 CAD/SF) 5.97% Cap Rate
Investment Highlights
- NNN lease with no landlord responsibility
- Strong National Credit Tenant
- Recent exercising of option period after 10 year term
Executive Summary
NAI Capital is pleased to present the opportunity to acquire the single tenant Tire Choice Service Center on fee simple land located at 6285 Rivers Ave, North Charleston, South Carolina. The Subject property is located in a dense retail corridor with neighboring retail tenant. Tire Choice recently renewed their first option after their original 10 year term and have 3 more five year options. There are annual rental increases of 3% and continue for the following options. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,791 SF
Building Class
C
Year Built
1984
Price
$1,221,605 CAD
Price Per SF
$322.24 CAD
Cap Rate
5.97%
NOI
$72,889 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.54 AC
Parking
15 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 475-15-00-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $41,412 CAD |
Property Taxes
Parcel Number
475-15-00-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$41,412 CAD
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6285 Rivers Ave
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