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Sleep Number - Mount Pleasant, SC 1767 N Highway 17

3,500 SF Retail Building Mount Pleasant, SC 29464 £2,804,895 (£801/SF) 6.50% Net Initial Yield

Investment Highlights

  • New Construction 4+ Years Remaining With Two (5 Year) Options
  • Strong Rental Increases – 10% At Options
  • Wealthy Demographics With an Average Household Income of $154,447 and a Population of 89,935 Residents
  • Corporate Guaranteed Lease – (NASDAQ: SNBR)
  • Double Net (NN) Lease With Minimum Landlord Responsibilities
  • Superior Location on North Hwy 17 - Sees Over 51,000 VPD

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,500 SF Sleep Number Located at 1767 North Highway 17 in Mount Pleasant, SC. This Deal Includes a New Construction With a Corporate Guaranteed Lease. The Lease Has Minimum Landlord Responsibilities and Strong Rental Increases, Providing For a Secured Investment.

In Cooperation With Sands Investment Group Charleston, LLC Lic. #20891 BOR: Chris Sands Lic. SC #93103

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,500 SF
Building Class
B
Year Built
2019
Price
£2,804,895
Price Per SF
£801
Net Initial Yield
6.50%
NOI
£182,294
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
0.42 AC
Zoning
C - Commercial

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Sleep Number
  • Retailer
  • 3,500 SF
  • £52.15
  • Double Net
  • Jun 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Sleep Number Retailer 3,500 SF £52.15 Double Net Jun 2029

Links

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Nearby Major Retailers

Cook Out
Fit Body Boot Camp
Club Pilates
IHOP
Five Guys
COREPOWER YOGA
Chase Bank
Starbucks
LongHorn Steakhouse
Grimaldi's Pizzeria

PROPERTY TAXES

Parcel Number 558-00-00-083 Improvements Assessment £0
Land Assessment £0 Total Assessment £62,134

PROPERTY TAXES

Parcel Number
558-00-00-083
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£62,134
(843) 510-0551

  • Listing ID: 33050809

  • Date on Market: 04/09/2024

  • Last Updated:

  • Address: 1767 N Highway 17, Mount Pleasant, SC 29464

The Retail Property at 1767 N Highway 17, Mount Pleasant, SC 29464 is currently available For Sale. Contact Sands Investment Group for more information.

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© 2024 CoStar Group

Sleep Number - Mount Pleasant, SC | 1767 N Highway 17
(843) 510-0551 x

Sleep Number - Mount Pleasant, SC | 1767 N Highway 17

1/4

Jack Liberatore

(843) 510-0551

(843) 510-0551

Clifton McCrory

(540) 255-5496

(540) 255-5496

Daniel Hoogesteger

(310) 853-1419

(310) 853-1419

Chris Sands

(844) 474-4666

(844) 474-4666

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