Commercial Listing Details

HIGHLIGHTS *15-Year Absolute NNN Ground Lease*2023 Construction*Prime Commuter Corridor*72,000+ Daytime Employees (5-Mile Radius)*25 Population Growth (5-Mile Radius)*New developments surrounding the site*Spawar Naval Base entrance is 0.39 Miles from the site and employs more than 12,000 people.*Retailers in the area include Food Lion, Circle K, Parkers Gas Station, Exxon, Bojangles, Family Dollar, Dollar General, Walgreens, Checkers, Little Ceasars, Auto Zone, Advance Auto, Piggly Wiggly, Waffle House, and many others.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.