1902 Reynolds Avenue | North Charleston | $1,000,000
SHOW DETAILS
1902 Reynolds Avenue
North Charleston, SC 29405
$1,000,000
2,578
SQ. FT.
1902 Reynolds Avenue North Charleston, SC 29405
For SALE
Business
ACTIVE
$1,000,000
EST. 2,517.23/MO CALCULATE
2,578
SQ. FT.
Property Description
1902 Reynolds Avenue is a +/-2,578 SF freestanding Retail/Convenience store. This property presents an investment opportunity offering a stable, long-term income streamwith a 10-year lease in place through August 31, 2032, providing approximately six years of remaining term at a current rental rate of$5,500 per month. The lease includes two five-year renewal options, offering the potential for occupancy through 2042, with 10% rental increases to $6,050 and $6,655 per month, respectively. The lease structure provides limited landlord responsibilities, with the tenant responsible for utilities and nearly all maintenance and repairs. Thecombination of contractual rent growth, long-term occupancy potential, and minimal ownership obligations makes the property anattractive opportunity for investors seeking durable cash flow. Strategically located along Reynolds Avenue, an established commercialcorridor in North Charleston, near the highly desirable Park Circle area and former Charleston Naval Base.
Property Details
- MLS ID31009613
- Property TypeCommercial - Business
- Current UseCommercial, Residential
- Days on Site20
- Existing Lease TypeNNN
- Lot Size0.11 Acres
- Parcel Number469-08-00-002
- ZoningCity of North Charleston - B-2 - General Business District
- acres0.11
Listed By / Shown By
Listed By
Agency Name: NAI Charleston, LLC
SCCMLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
SCCMLS
Web address QR Codes
1902 Reynolds Avenue
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