Neighborhood Retail Center for Sale
225 Red Bank Road, Goose Creek, SC
Neighborhood
Red Bank
Sqft
12,600
Features
Versatile space
Price
$2,500,000
ABOUT THE PROPERTY
Welcome to 225 Red Bank Retail Center strategically positioned in the vibrant Red Bank District of Goose Creek! Boasting approximately 12,600 square feet of retail space, this neighborhood retail center is an outstanding investment opportunity with a stellar track record.
Key Features:
🏢 Property Size: 12,600 sq ft
🛍️ Tenant Base: 11 established businesses
Lease Structure: NNN Leases in place
💰 Net Operating Income (NOI): $190,000
📈 Cap Rate: 7.6%
Strategic Location: Situated at the heart of the Red Bank District, this retail center is perfectly positioned to benefit from the forthcoming Red Bank District Plan initiated by the City of Goose Creek Planning Commission. The plan, designed to complement the Comprehensive Plan, will provide a framework for development and redevelopment, enhancing the corridor's appeal and economic potential.
Thriving Tenant Mix: With 11 diverse and successful tenants on-site, this retail center offers a mix of businesses that cater to the needs and preferences of the local community. From boutique shops to service providers, the tenant roster ensures a steady and diversified income stream for savvy investors.
NNN Leases: Each tenant operates under Triple Net (NNN) leases, relieving the property owner of various operating expenses. This stable and predictable income stream enhances the overall investment value, making it an attractive proposition for investors seeking long-term financial stability.
