Income Producing Shopping Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30193036
Property Subtypes: Strip Center
Building Size (RSF): 11,950 SF
Gross Land Area: 1.39 Acres
Sale Price: $2,400,000
Unit Price: $200.84 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Dorchester Shoppes
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Last Updated: 12/3/2018

Overview / Comments

This center is fully leased with local businesses that include Glam Beauty Supply, Serenity Massage & Spa, Charleston Bakery and Delicatessen, Low Country Clippers, Havana Cigars and the Wok n Go with two recent long-term lease renewals completed. The center is highly visible and located on the corner of heavily traveled Dorchester Rd and Bacon’s Bridge Rd next to the CVS on the corner which is also for sale in a fast growing corridor of Summerville. The center has plenty of parking and great ingress/egress onto Dorchester Road and Bacon's Bridge Road. Minutes to HWY 17A and HWY 61.

Attachments & Media

Current Tenants

Tenant Business Name Glam Beauty Supply
Tenant Business Name Massage Serenity Spa
Tenant Business Name Stoner's Pizza
Tenant Business Name Wok-in-Go
Tenant Business Name Charleston Bakery
Tenant Business Name Havana Cigars
Tenant Business Name Heritage Trust
Tenant Business Name Low Country Clippers

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 62 - Summerville/Ladson Area to Hwy.165
Tax ID/APN: 1521601014
Property Located Between: Bacons Bridge Rd & Dorchester Rd
Property Visibility: Excellent
Largest Nearby Street: Bacons Bridge Rd
Feet of Frontage: 120
Traffic/Vehicle Count: 26,200
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Total Parking Spaces: 55
Zoning Description: CG

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,299 46,591 111,248
Median Age: 38.96 36.74 35.53
Households: 3,028 17,858 41,499
The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.