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    1035 Folly Rd

    Charleston, SC 29412
    • $2,300,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: 30651327
    Under Contract
    UPDATED: 35 min ago
    $2,300,000
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    This is a ground lease and BB&T constructed the building. Current year rent is $122,892.63. There are Four (4) Five (5) year renewal options. There are 2% annual escalations for each year of the current (initial) lease term and for each year of the option terms as well. - Four (4) Five (5) year renewal options - 2% annual increases throughout initial term and option periods- Average NOI over balance of initial term is $129,263- 1.3 AC site with an apprx 3944 SF freestanding all brick bank branch built by BB&T on an excellent high traffic Folly Road location

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    www.thecassinagroup.com/homes/110289013
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    1035 Folly Rd Charleston, SC 29412

    • Price: $2,300,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • ID#: 30651327
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    Neighborhood:
    James Island
    County:
    Charleston
    Area:
    James Island
    Property Description
    This is a ground lease and BB&T constructed the building. Current year rent is $122,892.63. There are Four (4) Five (5) year renewal options. There are 2% annual escalations for each year of the current (initial) lease term and for each year of the option terms as well. - Four (4) Five (5) year renewal options - 2% annual increases throughout initial term and option periods- Average NOI over balance of initial term is $129,263- 1.3 AC site with an apprx 3944 SF freestanding all brick bank branch built by BB&T on an excellent high traffic Folly Road location
    Exterior Features

    Land Size Min 1.300 Land Size Units Acre

    Property Features

    Property Status Existing Property Sub Type Free-Standing Building Property Type Retail-Commercial Sale Price Min 2300000.00 Title Bb&T - 1035 Folly RoadCharlestonSc

    Listing courtesy of Commercial Real Estate Ventures, Llc.
     
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    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464