Share This Listing

Message

924 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Rivers Avenue Corridor (57,600 VPD)
  • NOI has annual increases
  • Corporate Leases
  • Starbucks and Sleep Number

Executive Summary

Oswald Cooke & Associates is pleased to present a two tenant retail center located at 7381 Rivers Avenue, North Charleston, SC. The spaces are leased to Starbucks and Sleep Number. Both Tenants base terms expire in 2029 with (4) 5-year renewal options. Rivers Avenue boasts a traffic count of 57,600 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2022 it was estimated that 7.68 million visitors came to the Greater Charleston area which is more than pre-pandemic records. The economic impact in 2022 from tourists alone was $12.8 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,950 SF
Building Class
B
Year Built
2013
Price
$7,118,650 CAD
Price Per SF
$1,024.27 CAD
Cap Rate
6.34%
NOI
$451,122 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.79 AC
Zoning
B-2
Frontage
117’ on Rivers Avenue

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • -

Sleep Number began in 1987 as Select Comfort and adopted the Sleep Number name in 2017. Sleep Number focuses on adjustable mattresses and bedding, and the company’s current product lineup also includes pillows, bases, furniture, and other sleep accessories. Sleep Number also centers the business on sleep science and data-driven product research, using smart-bed technology and research collaborations to study sleep quality and related health outcomes. Sleep Number maintains a significant retail presence in the United States and continues to update the mattress portfolio with new collections designed to adapt to changing comfort needs.

  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net -
Accommodation and Food Services - - Triple Net -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Regions Bank
7 Brew Coffee
Td Bank
Cracker Barrel Old Country Store
IHOP
LongHorn Steakhouse
Five Guys
Waffle House
Hooters
Outback Steakhouse

Property Taxes

Property Taxes

Parcel Number
478-03-00-121
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$359,918 CAD
  • Listing ID: 35212790

  • Date on Market: 2025-03-21

  • Last Updated:

  • Address: 7381 Rivers Ave, North Charleston, SC 29406

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}