

Corporate Verizon - Rivers Avenue
Retail | 5.75% CAP | 4,000 SF
Marketing description
Oswald Cooke & Associates is pleased to present a Verizon Wireless retail store located at 7351 Rivers Avenue, North Charleston, SC for sale. The current lease term has 7+ Years remaining and the Tenant has one option to renew with a 10% escalation. Rivers Avenue boasts a traffic count of 52,500 VPD and is home to many National Retailers including: Target, Walmart, Best Buy, Walgreens, Northwoods Mall and more. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion. Investment has been particularly strong in the Charleston Market in recent years, averaging more than $300 million a year since 2014.
Investment highlights
Rivers Avenue ( 52,500 VPD)
7+ Year NN Lease
Corporate Guaranty
(1) 5-Year Renewal Option
10% Bump at Option Renewal
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