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Shopping Strip

Elam's Professional Building

102 Berkeley Square Ln, Goose Creek, SC 29445

Listing Price: $650,000

Cap Rate
5.35%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$130.00
Lot Size
0.45 acres
Year Built
1969

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Elam's Professional Building, a 5,000 square-foot retail center 80% occupied by 3 tenants on short-term gross leases. The property is situated directly adjacent to a Food Lion-anchored shopping center and offers a significant value add opportunity by filling vacancy, raising rents to market, extending lease terms, and converting all leases to NNN. The tenant mix currently includes barbershops and a restaurant. Elam's Professional Building is located near a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. 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 42,100 vehicles per day via N 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

  • Value Add Unanchored Retail Strip Located in Charleston MSA | Shadow to Food Lion Center
  • 80% Occupied with Opportunity for Value Add by Filling Vacancy, CapEx & Raising Rents to Market, Extending Terms, and Converting Leases to NNN
  • High Traffic Exposure of 42,100 Vehicles per Day via N Goose Creek Blvd
  • Located Directly Adjacent to Major National Retailers Including Food Lion, O'Reilly Auto Parts, Hardees, Dairy Queen and More

Exclusively Listed By

Shopping Strip

Elam's Professional Building

Listing Price: $650,000

Cap Rate
5.35%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$130.00
Lot Size
0.45 acres
Year Built
1969

Investment Highlights

  • Value Add Unanchored Retail Strip Located in Charleston MSA | Shadow to Food Lion Center
  • 80% Occupied with Opportunity for Value Add by Filling Vacancy, CapEx & Raising Rents to Market, Extending Terms, and Converting Leases to NNN
  • High Traffic Exposure of 42,100 Vehicles per Day via N Goose Creek Blvd
  • Located Directly Adjacent to Major National Retailers Including Food Lion, O'Reilly Auto Parts, Hardees, Dairy Queen and More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Elam's Professional Building, a 5,000 square-foot retail center 80% occupied by 3 tenants on short-term gross leases. The property is situated directly adjacent to a Food Lion-anchored shopping center and offers a significant value add opportunity by filling vacancy, raising rents to market, extending lease terms, and converting all leases to NNN. The tenant mix currently includes barbershops and a restaurant. Elam's Professional Building is located near a Y-intersection in the Goose Creek submarket of the greater Charleston Metropolitan Statistical Area. 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 42,100 vehicles per day via N 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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