Listed by Charleston Commercial, KW Commercial Charleston - Mt. Pleasant
$20,175,000
153 King, 263 King, 279 King
Details
APN 457-08-04-188 , 457-08-01-049 , 457-04-04-110
Property Type Retail, Office
Sub Type Commercial
Square Footage 17,140
Units 3
Cap Rate 4.6%
NOI $927,232
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $1,177
Stabilized High Street Retail Portfolio - Charleston
Marketing description
Charleston Commercial, on Behalf of Ownership, is Pleased to Exclusively Offer the King Street Retail Portfolio to Qualified Buyers. the Offering Includes Three Separate Properties / Parcels, Referred to as 153 King Street, 263 King Street, and 279 King Street. the Properties Sit Within the Heart of the Retail Corridor of King Street, One of the Most Desirable Urban Corridors in the Southeast. the Offering Boasts High Credit Retail Tenants Including Lululemon, Buck Mason, and Lake Weekend.
All of the Retail Tenants Feature Triple Net Leases With Annual Increases. 153 King Street and 279 King Street Are Stnl Offerings. 263 King Street Features Ground Floor Retail and Includes Two Office Tenants, Which Are Also on Long Term Leases.
All Tenants Have Either Recently Signed New Leases or Exercised Lease Extensions Providing Investors With Substantial Base Term.
Located Along the Heart of King Street, Amongst Luxury Retail, Hotels, and World Class Restaurants, the Portfolio Features Credit Retailers Co-existing in One-of-a-kind Historic Properties. This Highly Sought After Corridor Creates High Barriers to Entry, and Near Impossible to Replicate.
Investment highlights
Stabilized Trophy Assets on King Street
World Class Urban Corridor
High Credit Retail
High Barrier to entry and impossible to duplicate
Listing Contacts
Listed by Charleston Commercial, KW Commercial Charleston - Mt. Pleasant
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$927,232.00
$77,269.33/mo
Valuation Metrics
0
DSCR
4.6%
Cap Rate
4.6%
ROI
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