Listed by Roadstead Real Estate Advisors
$489,865
1822 Bohicket Rd
Details
APN 279-00-00-135
Property Type Retail
Sub Type Bank
Cap Rate 5.3%
NOI $25,941
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type NNN
Rent Bumps Yes
Acreage 0.360
Zoning GB - General Business
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Bank of America ATM - Net Lease - Charleston MSA
Investment highlights
Purchase Price: $489,865
Cap Rate: 5.30%
Tenant: Bank of America
Lease Type: NNN (Landlord currently responsible for real estate taxes)
Current Rent: $2,420/month ($29,040 annually)
Rental Increase: Increases to $2,662/month ($31,944 annually) beginning 05/11/2027
Lease Term: In 4th renewal term, expiring 05/10/2027
Final Renewal Option: 05/11/2027 – 05/10/2032
Taxes: $3,099.00 annually (paid by Landlord)
Lot Size: 0.36 acres
Zoning: General Business
Traffic Count: ±17,700 VPD
Upside Potential: Redevelopment or repositioning opportunity upon lease expiration
Ownership Disclosure: Listing broker holds partial ownership interest
Listing Contacts
Listed by Roadstead Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,941.00
$2,161.75/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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