5641 N Rhett Ave

Investment Highlights

2023 Construction 72,000+ Daytime Employees (5-Mile Radius) New developments surrounding the site Prime Commuter Corridor 25% Population Growth (5-Mile Radius) Spawar Naval Base entrance is 0.39 Miles from the site and employs more than 12,000 people.

Executive Summary

Oswald Cooke & Associates is pleased to offer 5641 N Rhett Avenue, North Charleston for sale to a qualified buyer. The 0.57 acre parcel is subject to a 15-year absolute NNN ground lease to a franchisee operator of Scooter?s Coffee. The building completed construction in 2023. There are 10% escalators every 5th year throughout the term and all options. The tenant has (3) 5-Year extension options available. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 7 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2022 from tourists alone was record breaking $12.8 billion.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    664
• Building Class    A
• LoopNet Rating    4 Star
• Year Built    2023
• Price    1,680,000
• Price Per SF    2,530
• Cap Rate    5
• NOI    84,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    0.64 AC