2039 Savannah Highway

Description:

Presenting the prime opportunity to invest in a thriving medical property, this 5,567 SF building boasts unparalleled appeal for Office / Medical investors. With a strategic location in Charleston, SC, this property offers a solid foundation for success. Renovated in 2019 and currently zoned GB, the building enjoys 100% occupancy under a favorable Triple Net Lease. The lease terms include a 5-year term with a 5-year renewal option, annual rent increases of 3%, and a compelling Cap Rate of 6.00%. Positioned for long-term success, this property represents a lucrative investment in the burgeoning Charleston market. positioned at the intersection of Savannah Highway and I-526, Charleston Urgent Care offers unparalleled accessibility in one of Charleston's most active commercial corridors. The location is directly across from Comfort Suites and near Home2Suites, surrounded by several national retailers, hotels, and dining options. Just minutes from Costco, Citadel Mall, and major medical centers including Roper St. Francis Healthcare and MUSC Health, the area is ideally suited for office or medical use. Charleston's strong population growth, historic appeal, and dynamic healthcare ecosystem make this a prime destination for investment, providing outstanding visibility and convenience for both patients and professionals Building Size: 5,567 SF Renovated in 2019 Zoned GB 100% Occupancy Triple Net Lease (NNN) Lease Term: 5 years + one 5-year renewal option through 12/31/35 Annual Rent Increases: 3% Asking Price: $2,100,000 Cap Rate (Avg NOI): 6.00% Year 6 NOI: $118,461.58 Escalated Year 10 NOI: $133,329.55

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Listing ID: 11527485