Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in The Shoppes at Montague Corners, a newly renovated retail center in North Charleston, SC. Anchored by a corporate Planet Fitness, the fully stabilized asset is currently 96% occupied with other major tenants including Save-A-Lot, Dollar General, and Harbor Freight Tools. Totaling approximately 107,000 square-feet, Montague Corners offers strong, in-place cash flow from quality tenants on either corporate backed or guaranteed leases. Over the past two years, there has been over $4 million invested into capital improvements for the center including a new facade, parking lot, landscaping, TI allowances, tenant finishes, and more. The Shoppes at Montague Corners features excellent visibility via Dorchester Rd with over 28,200 VPD, and is conveniently located just over 0.5 miles from Interstate-526 with over 79,700 VPD. The asset is ideally positioned directly adjacent to Greystar’s newest 4-star apartment community. Delivering in 2024, the complex will have over 335+ luxury style units and will directly contribute to an increase in the shopping centers foot traffic once completed. Additionally, the Shoppes at Montague Corners is located within just a few miles of the Charleston International Airport and the Tanger Outlets, which see 7.7 million and 3 million annual visitors, respectively.