Denny's, North Charleston, SC

5270 International Boulevard
North Charleston, SC 29418

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,976

Acreage: 0.975

Price: $2,350,000

Cap Rate: Call

Description:

  • South Carolina’s highest volume retail submarket at convergence of two interstates
  • A 3,976 square foot restaurant building developed in 2008 on .98 acres
  • Positioned on trade area’s primary corridor near the international airport,
  • Denny’s is on a 20 year absolute NNN lease with 10% rent bumps every 5 years
  • Franchisee operator with 12 locations throughout South Carolina
  • The transaction closed escrow on October 13, 2009 for $2,350,000
  • A loan in the amount of 57% of the purchase price was placed on the property
  • Buyer was a private group of investors out of upstate South Carolina

Denny's, North Charleston, SC

Downloads

Site Plan         

Aerials         

Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com