Marcus & Millichap has been selected to exclusively market for sale The Shoppes at Centre Pointe, a 139,688-square-foot shopping center located in North Charleston, South Carolina.

Located just 8.5 miles from downtown Charleston, this elegant regional center has excellent synergy with surrounding retailers, which include Walmart, Sam’s Club, and the prominent Tanger Outlets Charleston. The shopping center is also in close proximity to an abundance of brand name, quality dining options. The asset boasts excellent accessibility and visibility due to its ideal location near Interstates 26 and 526.

Nationally and regionally recognized tenants comprise 90 percent of the shopping center, including Staples, Ashley Furniture, Dollar Tree, Sally Beauty, Moe’s Southwest Grill, Dunkin’ Donuts, GameStop, Uptown Cheapskate, and McAlister’s Deli. The center provides upside through the potential to lease 5,400 square feet of vacant space. Additionally, 76 percent of the occupied space has been leased for an average of 10 years to the same tenants.

North Charleston is a premier retail destination for South Carolina, boasting more than 8.0 million square feet of retail. The Tanger Outlets  Charleston draws from a substantial trade area, as the next closest Tanger Outlets is about 100 miles away in Myrtle Beach and Hilton Head. The city is also home to Northwoods Mall, an 800,000-square foot indoor mall. The city has consistently ranked No. 1 in gross sales in the state and regularly exceeds $6.0 billion. Additionally, more than 7,500 hotel rooms are located within the city, providing a consistent source of demand for local shopping centers.

• PREMIERE RETAIL DESTINATION

•  No.1 area for SC gross sales and more than 8M square feet of retail
•  Synergistic, elegant regional center located amidst Tanger Outlets
•  Charleston, Walmart, Sam’s Club with great access to highly traversed I-26 And I-526 
•  Large trade area: closest Tanger Outlets about 100 miles away in Myrtle Beach and Hilton Head
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• ESTABLISHED TENANTS WITH UPSIDE

• 90% of the center is occupied by national and regional tenants
• Sales of Ashley Furniture have more than doubled from 2010 to 2017
• Other tenants include: Low rent Staples, Dollar Tree, Moe's Southwest Grill, Uptown Cheapskate, CiCi's Pizza, Grayhawk Homes, Gamestop, H & R Block, MAC Deli - McCallisters, Southside 17 Bar and Grill, Princess Nails, China Buffet, Princess Nails, Seasons of Japan
• Ashley Furniture rent $4.75 PSF NNN after deducting $3 PSF credit
• Established tenureship: 76% of space occupied by same tenants for average 10 years

• MAJOR ECONOMIC IMPACT

•  Impact of Boeing, Charleston International Airport, and Joint Base Charleston: $13.8B, 50,000 local jobs 
•  Unemployment rate is projected at 3.3% in 2018 with 21,000 net new jobs in 2017 & 2018