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.
Anchored: No
Year Built: 2005
County: Charleston
Land Size: 1.02
Title: Verizon - Rivers Avenue
Second Property Subtype: Retail
Zoning: City of North Charleston - B-
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $2,501,818
Class Type: Retail
Rentable Area: 4000
Courtesy of listing office Oswald Cooke and Associates