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13489841
13489834

3 Locations

JS
SC 55385, SC
Charleston Commercial
KW Commercial Charleston - Mt. Pleasant
Charleston Commercial
Listed by Charleston Commercial, KW Commercial Charleston - Mt. Pleasant
$20,175,000
949 days on market
Updated 82 days ago

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

JS
SC 55385, SC
Charleston Commercial
KW Commercial Charleston - Mt. Pleasant
Charleston Commercial
Listed by Charleston Commercial, KW Commercial Charleston - Mt. Pleasant

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Loan Amount
$0.00
Annual Debt Service
$--
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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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