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Verizon Wireless 7351 Rivers Ave

4,000 SF Retail Building North Charleston, SC 29406 £1,957,548 (£489/SF) 5.50% Net Initial Yield

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Investment Highlights

Corporate Guaranty
(1) 5-Year Renewal Option

Rivers Avenue (54,800 VPD)
Access to Ashley Phosphate Road

Executive Summary

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 expires in June of 2030 and the tenant has (1) 5-Year option to renew with a 10% escalation. Rivers Avenue boasts a traffic count of 54,800 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.

7351 Rivers Avenue Package