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343 King Street , A

Charleston, SC 29401
  • $2,595,000
  • STATUS: Active
  • ON SITE: 107 Days
  • MLS #: 30799563
UPDATED: 40 min ago
$2,595,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Description

This is a Seven (7) year corporate lease, featuring Three Percent (3%) annual rent escalations, with Earthbound Holding, LLC. Fully Remodeled and opened in June 2021. Earthbound has corporate 132 stores opened with 141 scheduled to be opened by the end of 2022. Current year rent is $166,860.00. Average rent over the remaining lease Term is $179,886.46. Lease is modified net format with Landlord paying Property Taxes and Insurance (Tenant pays any increases in Insurance).This is a ground floor retail condo meaning extremely low levels of management involved and no residential or office space to lease and/or manage. Excellent location and storefront width with tall storefront glass in a very high foot traffic block of King Street. An excellent investment.

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www.searchcharleston.com/homes/128040094
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343 King Street , A Charleston, SC 29401

  • Price: $2,595,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 40 min ago
  • MLS #: 30799563
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Charleston Peninsula - Below Crosstown
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Property Description
This is a Seven (7) year corporate lease, featuring Three Percent (3%) annual rent escalations, with Earthbound Holding, LLC. Fully Remodeled and opened in June 2021. Earthbound has corporate 132 stores opened with 141 scheduled to be opened by the end of 2022. Current year rent is $166,860.00. Average rent over the remaining lease Term is $179,886.46. Lease is modified net format with Landlord paying Property Taxes and Insurance (Tenant pays any increases in Insurance).This is a ground floor retail condo meaning extremely low levels of management involved and no residential or office space to lease and/or manage. Excellent location and storefront width with tall storefront glass in a very high foot traffic block of King Street. An excellent investment.
Property Features

Property Status Existing Property Sub Type Street Retail Property Type Retail-Commercial Rentable Sq Ft 3000 Sale Price Min 2595000.00 Sale Terms Cash To Seller Title 343 King Street - High Quality Corporate Leased Retail Condo

Listing courtesy of Commercial Real Estate Ventures, Llc.
 
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Keller Williams Realty Charleston West Ashley
1180 Sam Rittenberg Blvd., Suite 300
Charleston SC, 29407