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Shopping Strip

The Woodland Shore Retail

1989 Maybank Hwy, Charleston, SC 29412

Listing Price: $7,800,000

Cap Rate
5.83%
Gross SF
12,167
Rentable SF
12,167
Price/Gross SF
$641.08
Lot Size
1.52 acres
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the net-leased, newly built retail plaza located in the James Island/Folly Beach submarket of the greater Charleston MSA. The two-story building was just delivered in 2021 and provides for ample parking and outdoor patio and dining space. The property features brand new NNN leases for all suites with 10-year base terms and escalations. The subject property is primely located with excellent visibility on the hard corner lot of Maybank Highway and Woodland Shores Road and experiences high daily traffic exposures of 59,300 vehicles per day via Maybank Highway and 45,400 vehicles per day via Folly Road. The immediate surrounding area is known as the Riverland Terrace Commercial District and features popular destinations such as Terrace Theater, The Charleston Pour House, Crust Wood Fired Pizza, Maybank Public House, and many other nightlife activities and restaurants. There are several new apartment complexes within walking distance including The Standard and Avalon at James Island, with a combined unit count of over 550.

Investment Highlights

  • Brand New 2021 Construction Multi-Tenant Retail Building on Hard Corner Lot
  • New NNN Leases Each with 10-Year Terms and Escalations
  • Strong Local & Regional Tenants with Numerous Operating Locations | All Tenants Report Financials
  • Minimal Landlord Responsibilities
  • Prime Retail Location in James Island Submarket of Charleston MSA
  • High Growth Area With Over 800 Apartment Units Within Walking Distance, Many of Them Being New-Build

Exclusively Listed By

Shopping Strip

The Woodland Shore Retail

Listing Price: $7,800,000

Cap Rate
5.83%
Gross SF
12,167
Rentable SF
12,167
Price/Gross SF
$641.08
Lot Size
1.52 acres
Year Built
2021

Investment Highlights

  • Brand New 2021 Construction Multi-Tenant Retail Building on Hard Corner Lot
  • New NNN Leases Each with 10-Year Terms and Escalations
  • Strong Local & Regional Tenants with Numerous Operating Locations | All Tenants Report Financials
  • Minimal Landlord Responsibilities
  • Prime Retail Location in James Island Submarket of Charleston MSA
  • High Growth Area With Over 800 Apartment Units Within Walking Distance, Many of Them Being New-Build

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the net-leased, newly built retail plaza located in the James Island/Folly Beach submarket of the greater Charleston MSA. The two-story building was just delivered in 2021 and provides for ample parking and outdoor patio and dining space. The property features brand new NNN leases for all suites with 10-year base terms and escalations. The subject property is primely located with excellent visibility on the hard corner lot of Maybank Highway and Woodland Shores Road and experiences high daily traffic exposures of 59,300 vehicles per day via Maybank Highway and 45,400 vehicles per day via Folly Road. The immediate surrounding area is known as the Riverland Terrace Commercial District and features popular destinations such as Terrace Theater, The Charleston Pour House, Crust Wood Fired Pizza, Maybank Public House, and many other nightlife activities and restaurants. There are several new apartment complexes within walking distance including The Standard and Avalon at James Island, with a combined unit count of over 550.

Exclusively Listed By

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