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Shopping Strip

Elam's Crossroads | Strong Value-Add Opportunity

107 St James Ave, Goose Creek, SC 29445

Listing Price: $2,400,000

Cap Rate
6.36%
Gross SF
14,600
Rentable SF
14,600
Price/Gross SF
$164.38
Lot Size
1.65 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Elam's Crossroads, a 14,600 square-foot retail center composed of 3 buildings 100% occupied by long term tenants on gross leases. The property offers strong in-place cash flow with very high traffic exposure and significant value add opportunity by raising rents to market, extending lease terms, and converting all leases to NNN. The tenant mix is diverse and includes a popular Charleston pizza restaurant, veterinarian's office, dog daycare center, among others. Elam's Crossroads is located at a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. Other nearby national retailers include Publix, Walmart, Taco Bell, McDonald's, Pizza Hut, and Waffle House. The property is located in close proximity to Interstate-26 and is exposed to approximately 61,600 vehicles per day via S Goose Creek Boulevard and 34,700 vehicles per day via Saint James Ave. Goose Creek is located approximately 15 miles northwest of downtown Charleston and the population within a 3-mile radius of the subject property is over 71,000.

Investment Highlights

  • 100% Occupied Multitenant Retail Strip Located in Goose Creek (Charleston MSA), South Carolina
  • Prime Value Add Opportunity by Raising Rents to Market, Extending Terms, and Converting All Leases from Gross to NNN
  • Very High Traffic Counts | Property is Ideally Positioned at Intersection of St James Ave (34,700 VPD) and South Goose Creek Blvd (61,600 VPD)
  • Eclectic Tenant Mix Including Restaurant, Grocery, Vet's Office, Dog Daycare Center, and Others
  • Numerous National Retailers Adjacent to Subject Property Including Wendy's, Food Lion, Popeyes, Advance Auto, KFC, Taco Bell, and Many Others

Exclusively Listed By

Shopping Strip

Elam's Crossroads | Strong Value-Add Opportunity

Listing Price: $2,400,000

Cap Rate
6.36%
Gross SF
14,600
Rentable SF
14,600
Price/Gross SF
$164.38
Lot Size
1.65 acres
Year Built
2005

Investment Highlights

  • 100% Occupied Multitenant Retail Strip Located in Goose Creek (Charleston MSA), South Carolina
  • Prime Value Add Opportunity by Raising Rents to Market, Extending Terms, and Converting All Leases from Gross to NNN
  • Very High Traffic Counts | Property is Ideally Positioned at Intersection of St James Ave (34,700 VPD) and South Goose Creek Blvd (61,600 VPD)
  • Eclectic Tenant Mix Including Restaurant, Grocery, Vet's Office, Dog Daycare Center, and Others
  • Numerous National Retailers Adjacent to Subject Property Including Wendy's, Food Lion, Popeyes, Advance Auto, KFC, Taco Bell, and Many Others

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Elam's Crossroads, a 14,600 square-foot retail center composed of 3 buildings 100% occupied by long term tenants on gross leases. The property offers strong in-place cash flow with very high traffic exposure and significant value add opportunity by raising rents to market, extending lease terms, and converting all leases to NNN. The tenant mix is diverse and includes a popular Charleston pizza restaurant, veterinarian's office, dog daycare center, among others. Elam's Crossroads is located at a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. Other nearby national retailers include Publix, Walmart, Taco Bell, McDonald's, Pizza Hut, and Waffle House. The property is located in close proximity to Interstate-26 and is exposed to approximately 61,600 vehicles per day via S Goose Creek Boulevard and 34,700 vehicles per day via Saint James Ave. Goose Creek is located approximately 15 miles northwest of downtown Charleston and the population within a 3-mile radius of the subject property is over 71,000.

Exclusively Listed By

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