RealtyLink Development

Domino's & Health Edge (Charleston, SC MSA)

4965 Centre Pointe Drive
North Charleston, SC 29418

Property: Investment Sales

Square Footage: +/- 6,317

Acreage: +/- 0.542

Price: $2,492,500

Cap Rate: 6.75%

Description:

  • High profile new construction two tenant building in the Centre Pointe development of North Charleston
  • Centre Pointe is a first class regional retail destination anchored by Tanger Outlets with more than 90 stores including Saks Off 5th, H&M, Polo Ralph Lauren and Nike
  • Other Centre Pointe businesses include Walmart, Sam’s Club, Field & Stream, Conn’s HomePlus, La-ZBoy, Ashley Furniture, Staples, AT&T, Verizon and dozens more retailers, restaurants, hotels and offices
  • North Charleston, known as the “Hub of the Lowcountry,” is South Carolina’s third largest city has led the state in retail sales for 21 straight years
  • Also surrounding Subject Property are Charleston International Airport, Boeing Company, North Charleston Coliseum & Performing Arts Center, Charleston Area Convention Center, City Hall and I-26/I-526 interchange (combined traffic count of +/- 190,400 AADT)
  • The International Airport (3.7M+ passengers in 2016) and Boeing assembly plant ($3B facility) combine to generate more than $13.8B in revenues and 51,000 local jobs annually
  • Subject property features recently commenced long term net leases with quality tenants and rent bumps and renewal options
  • Regional trade area with more than 120,000 residents and 77,000 daytime employees in a 5 mile radius