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    152 Civitas - Suite A

    Mount Pleasant, SC 29464
    • $510,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: 30643592
    Under Contract
    UPDATED: 64 min ago
    $510,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    The most prominent window-line retail space with store front on the Commercial Square in I'ON. Very fresh and clean suite with very high visibility.Makes for a nice smaller investment property acquisition with only having to manage one tenant and being the most dramatic retail space on the Square.Master Deed regime space calculation is 1,063.45 square feet, The suite is leased as 1,200 rentable square feet. The space is currently leased to one tenant with a lease term expiring January 7, 2022. The 2020 annual rent is $25,647. The 2021 annual rent is $26,416. There is a Landlord rental credit for TI allowance equal to $100. per month expiring at end of the initial lease term. Rent is triple net and tenant is responsible for Tenant has a 3 year renewal option by giving Landlord 90 days prior written notice of its intent to renew its lease. The lease has 3% annual escalations during its renewal period.New roof was installed on the building during Q2 2020.Property is part of the I'ON Commercial Square Association, Inc.

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    www.thecassinagroup.com/homes/110457537
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    152 Civitas - Suite A Mount Pleasant, SC 29464

    • Price: $510,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: 30643592
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Mt. Pleasant - South Of IOP Connector
    County:
    Charleston
    Area:
    Mt. Pleasant - South Of IOP Connector
    Property Description
    The most prominent window-line retail space with store front on the Commercial Square in I'ON. Very fresh and clean suite with very high visibility.Makes for a nice smaller investment property acquisition with only having to manage one tenant and being the most dramatic retail space on the Square.Master Deed regime space calculation is 1,063.45 square feet, The suite is leased as 1,200 rentable square feet. The space is currently leased to one tenant with a lease term expiring January 7, 2022. The 2020 annual rent is $25,647. The 2021 annual rent is $26,416. There is a Landlord rental credit for TI allowance equal to $100. per month expiring at end of the initial lease term. Rent is triple net and tenant is responsible for Tenant has a 3 year renewal option by giving Landlord 90 days prior written notice of its intent to renew its lease. The lease has 3% annual escalations during its renewal period.New roof was installed on the building during Q2 2020.Property is part of the I'ON Commercial Square Association, Inc.
    Property Features

    Property Status Existing Property Sub Type Free-Standing BuildingMixed UseStreet RetailVehicle Related Property Type Retail-Commercial Sale Price Min 510000.00 Title I'on Commercial Square

    Listing courtesy of Strategic Real Estate Advisors.
     
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    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464