Listing Details
PRICE : $3,430,370
CAP RATE: 5.85%
NOI: $200,676.68 *June 2025 Rent
LEASE EXPIRATION: May 2028
LEASE TYPE: NN-Lease
LANDLORD RESPONSIBILTIES: Roof and Structure
RENTAL INCREASES: 2% Annual Increases
RENEWAL OPTIONS: (2) 5-Year Options
BUILDING SIZE: 4,553 SF
LOT SIZE: 0.66 Acres
YEAR BUILT: 2018
GUARANTOR: Galen Holdco, LLC
MUNICIPALITY: City of North Charleston
ZONING: B-2 (General Business)
TMS: 181-00-00-131.000
Oswald Cooke & Associates is pleased to offer a single-tenant medical office facility for sale in the Charleston, SC MSA, leased to CareNow Urgent Care, an affiliate of Galen Holding Company. The 4,553 SF building was built in 2018. The 10-Year NN lease commenced in the summer of 2018, which calls for limited landlord responsibilities. The lease has (2) 5-Year renewal options with the same terms and escalations. The property is located just off the Dorchester Road and Ashley Phosphate Road Interchange and is surrounded by retail and residential communities. Other national retailers in the area include Chick-Fil-A, Zaxby’s Popeyes, McDonalds, Publix, Walgreens, Hardee’s, Dollar Tree, Dunkin Donuts, and many others.
Property Photos
