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24422855
24422856

2039 Savannah Hwy, Charleston, SC 29407

SR
SC SC 23726, NC 224865
Radekopf and Associates
Listed by Radekopf and Associates
$1,895,000
336 days on market
Updated 71 days ago

Charleston Urgent Care

Details
APN 3100800020
Property Type Office
Sub Type Medical Office
Square Footage 5,567
Net Rentable (SqFt) 5,567
Cap Rate 6.25%
NOI $118,462
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Remaining Term 5
Lease Options 2 X 5 yrs
Pro-Forma Cap Rate 7.17%
Pro-Forma NOI $135,803
Price per SqFt $340
Class A
Year Built 1986
Year Renovated 2019
Buildings 1
Stories 1
Zoning GB
Parking Spaces 25 spaces
Parking Per SqFt 4.49
Investment Type Net Lease
Lease Commencement 01/02/2020
Occupancy Date 05/01/2019

Office | 6.25% CAP | 5,567 SqFt

Marketing description

Prime NNN Medical Office Investment – Charleston, SC

Presenting a prime opportunity to invest in a thriving medical office asset, this 5,567 square foot building offers exceptional appeal for medical or office investors seeking stable returns in the Charleston market.

Property Highlights:

· Use: Urgent & Primary Care

· Building Size: 5,567 SF

· Year Built: 1986

· Renovated: 2019

· Zoning: GB (General Business)

· Occupancy: 100%

· Lease Type: Triple Net (NNN)

Lease & Financial Highlights:

· Asking Price: $1,895,000

· Cap Rate: 6.65% (based on 10-year average NOI)

· Initial Lease Term: 5 Years, 8 months (May 1, 2019 – December 31, 2024)

· Current Lease Term: 10 Years (January 1, 2025 – December 31, 2034)

· Renewal Options: Two (2) additional 5-year options

· Annual Rent Escalations: 3%

Key Investment Drivers:

· Strong tenant operating an Urgent and Primary Care clinic

· Completely renovated in 2019 with modern infrastructure and finishes

· 100% occupancy with long-term lease in place

· NNN structure provides passive income with minimal landlord responsibilities

· Located in a rapidly growing Charleston corridor with strong medical demand

This offering represents a turn-key opportunity to acquire a high-quality asset delivering dependable income, predictable cash flow, and excellent upside through scheduled rent increases and long-term value appreciation — all in one of South Carolina’s fastest-growing regions.

Listing Contacts

SR
SC SC 23726, NC 224865
Radekopf and Associates
Listed by Radekopf and Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$118,462.00
$9,871.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Steve Radekopf
License
SC 23726
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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