1605 Central Ave
Summerville, SC 29483
Knightsville Crossing · Commerce de détail Propriété À vendre

The Offering is a 37,862 SF fully-leased regional shopping center in Summerville, South Carolina, a thriving northern suburb of Charleston. The property includes a diverse portfolio of local and nationally branded tenants. In 2019, the property underwent a renovation, which included a new roof, irrigation system, landscaping, parking lot LED lighting, and patched, sealed and re-striped parking lot. The anchor, Grayco Hardware & Home, signed a 10-year lease in 2019 and accounts for 75% of the leasable space. Grayco Hardware and Home is South Carolina’s leading supplier of building products, hardware and rental equipment with eight locations. The center’s other tenants include several national brands: Dunkin’ Donuts, The UPS Store and H&R Block, all of which have an average operating history of over ten years on site. The subject property is part of the Charleston-North Charleston MSA which boasts a robust and diverse economy that consistently ranks as one of the fastest growing economies in the nation, growing 3 times faster the U.S. average. The property is surrounded by rapidly growing tech, aerospace, automotive and life science companies all of which are drawn to North Charleston’s high concentration of employees with post-secondary education (63%). Located on the Southeast corner of two major arterials in a dense retail corridor, the high visibility center is well positioned within the submarket as seen by nearby retailers. The three remaining corners are home to major national tenants such as Walmart, Publix, CVS and Walgreens.