Shopping Neighborhood
Hobby Lobby & Boot Barn
7800 Rivers Ave, North Charleston, SC 29406
Listing Price: $9,960,000
Investment Overview
100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses. High-Exposure Location Along Rivers Avenue with Traffic Counts of Approximately 69,800 Vehicles Per Day. Immediate Proximity to I-26 Entrance and Exit Ramps with Traffic Volumes Exceeding 108,000 Vehicles Per Day. Located within the Promenade at Northwoods Shopping Center, a High-Traffic Retail Destination with National Co-Tenancy. Surrounded by Strong Regional Retail Including Walmart, Target, Home Depot, Lowe’s, Best Buy, Aldi, Michaels, and Northwoods Mall.
Hobby Lobby & Boot Barn
Investment Highlights
- 100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses
- Long-Term Lease Structure with a 9.25-Year Weighted Average Lease Term Providing Durable Cash Flow
- Hobby Lobby Anchors the Property with 84.6 Percent of GLA and a Recent 10-Year Lease Extension Through February 2036
- Boot Barn Occupies 15.4 Percent of GLA and Recently Executed a Five-Year NNN Lease Extension Through March 2031
- Top-Tier Hobby Lobby Location Ranked in the Top Five Percent of All Stores Nationally and the #1 out of 26 Stores in South Carolina
- Redeveloped and Fully Renovated in 2016 with High-Image Facades and a TPO Roof Backed by a Firestone 20-Year Warranty (Appx 10 Years Remaining)
Listing Price: $9,960,000
Investment Highlights
- 100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses
- Long-Term Lease Structure with a 9.25-Year Weighted Average Lease Term Providing Durable Cash Flow
- Hobby Lobby Anchors the Property with 84.6 Percent of GLA and a Recent 10-Year Lease Extension Through February 2036
- Boot Barn Occupies 15.4 Percent of GLA and Recently Executed a Five-Year NNN Lease Extension Through March 2031
- Top-Tier Hobby Lobby Location Ranked in the Top Five Percent of All Stores Nationally and the #1 out of 26 Stores in South Carolina
- Redeveloped and Fully Renovated in 2016 with High-Image Facades and a TPO Roof Backed by a Firestone 20-Year Warranty (Appx 10 Years Remaining)
Investment Overview
100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses. High-Exposure Location Along Rivers Avenue with Traffic Counts of Approximately 69,800 Vehicles Per Day. Immediate Proximity to I-26 Entrance and Exit Ramps with Traffic Volumes Exceeding 108,000 Vehicles Per Day. Located within the Promenade at Northwoods Shopping Center, a High-Traffic Retail Destination with National Co-Tenancy. Surrounded by Strong Regional Retail Including Walmart, Target, Home Depot, Lowe’s, Best Buy, Aldi, Michaels, and Northwoods Mall.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
