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309 King St

5,057 SF Retail Building Charleston, SC 29401 £5,161,040 (£1,021/SF) 5.75% Net Initial Yield

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Executive Summary

Located at 309 King Street in Charleston’s Historic Downtown, this prime retail space sits in the heart of the Middle King Street Fashion District, home to luxury brands like Louis Vuitton, Gucci, and Sephora. The area offers a premier shopping experience with high barriers to entry, attracting affluent consumers. Within a 5-minute drive, over 12,000 residents with an average household income of $140,000 surround the property, while the College of Charleston, with 11,729 students, is just a block away. Charleston itself, voted the U.S.'s top city by Condé Nast Traveler readers for 12 of the last 13 years, draws nearly 8 million visitors annually. Originally built around 1884, 309 King Street was recently renovated with a new roof (warranty until 2041), elevator, fire system, and custom tenant build-out. The current tenant, Uncommon James, founded by TV personality Kristin Cavallari, brings national recognition to the location. The lease offers minimal landlord responsibility and scheduled rent growth, ensuring stable returns.