Hobby Lobby & Boot Barn — Sale in North Charleston, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: North Charleston, SC 29406

Photos

Hobby Lobby & Boot Barn — Sale in North Charleston, SC, photo 1 of 2
Hobby Lobby & Boot Barn — Sale in North Charleston, SC, photo 2 of 2

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses. High-Exposure Location Along Rivers Avenue with Traffic Counts of Approximately 69,800 Vehicles Per Day. Immediate Proximity to I-26 Entrance and Exit Ramps with Traffic Volumes Exceeding 108,000 Vehicles Per Day. Located within the Promenade at Northwoods Shopping Center, a High-Traffic Retail Destination with National Co-Tenancy. Surrounded by Strong Regional Retail Including Walmart, Target, Home Depot, Lowe’s, Best Buy, Aldi, Michaels, and Northwoods Mall. Investment Highlights: • 100 Percent Leased, Two-Tenant NNN Retail Center with Full Recovery of Taxes, Insurance, and CAM Expenses • Long-Term Lease Structure with a 9.25-Year Weighted Average Lease Term Providing Durable Cash Flow • Hobby Lobby Anchors the Property with 84.6 Percent of GLA and a Recent 10-Year Lease Extension Through February 2036 • Boot Barn Occupies 15.4 Percent of GLA and Recently Executed a Five-Year NNN Lease Extension Through March 2031 • Top-Tier Hobby Lobby Location Ranked in the Top Five Percent of All Stores Nationally and the #1 out of 26 Stores in South Carolina • Redeveloped and Fully Renovated in 2016 with High-Image Facades and a TPO Roof Backed by a Firestone 20-Year Warranty (Appx 10 Years Remaining)

Market Context

This retail in North Charleston, SC is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in North Charleston, SC — view the full market.

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