North Charleston, SC 29406,8980 University BLVD
North Charleston, SC 29406,8980 University BLVD
North Charleston, SC 29406,8980 University BLVD
North Charleston, SC 29406,8980 University BLVD
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$2,031,500

$2,080,000

2.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 04/24/2020

Key Details

Sold Price $2,031,500

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 30589307

Sold Date 04/24/20

Year Built 2003

Property Sub-Type Retail

Property Description

The 1.21 acre property is corporately leased to Arby's. They are currently in their first option, with (3) 5-Year Options remaining. There are 7.5% rent escalations at each option. Arby's has occupied the location since 2003. University Boulevard (39,400 VPD) is home to Charleston Southern University (3,650 students) and Trident Medical Center (313 beds). National retailers in the area include Wendy's, Cook Out, Zaxbys, Sonic, CVS, Starbucks, Firehouse Subs, and many hotel chains. Aside from a strong medical (Roper Saint Francis, Trident Regional, MUSC) and education community (College of Charleston, The Citadel, Charleston Southern, Charleston School of Law), companies such as Boeing, Volvo, Bosch, Google, Westvaco and KapStone have chosen the Charleston MSA for their regional headquarters. Additionally, the South Carolina Ports Authority operates five public terminals through the Charleston harbor, each of which promotes housing, retail, office, warehouse and manufacturing stability and expansion.

Location

State SC

County Charleston

Zoning City of North Charleston - B-2 - General Business District

Others

Acceptable Financing Cash

Listing Terms Cash

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Listed by Benjamin Cooke • Oswald Cooke and Associates
Bought with Benjamin Cooke • Oswald Cooke and Associates

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