Freestanding Convenience
New
For Sale
$1,000,000
1902 Reynolds Ave, North Charleston, SC 29405
A single-tenant retail property with a lease extending through 2032 and two five-year renewal options.
Property Size2,578 SF
Lot Size0.11 Acres
Days on Market3
Property Features for 1902 Reynolds Ave
General Information
Standard status
Active
Size
2,578 SF
Lot size
0.11 Acres
Property subtype
Retail
Zoning
B-2
Additional Details
Asking Price
$1,000,000
Traffic Count
15,600 vehicles/day
Building Details
Building Size
2,578 SF
Year Built
1974
Tenancy
Single
Listing Agency:
NAI Avant
Listed By:
GiGi Gilden · License #142454
(443) 761-0779
Source:
Naicharleston
Added: Oct 4
Last Checked: Oct 5 at 5:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Avant
Investment Insights
Based on property information with market context.
This freestanding convenience store was built in 1974 and occupies a 0.11-acre parcel. The property is leased to one tenant under a 10-year lease ending August 31, 2032, with two five-year renewal options. The lease provides for 10% increases at each renewal. The building is zoned B-2 (General Business) by the City of Charleston.
The property has a reported traffic count of 15,600 vehicles per day. It is located at 1902 Reynolds Ave in North Charleston.
The property has a reported traffic count of 15,600 vehicles per day. It is located at 1902 Reynolds Ave in North Charleston.
Key Highlights
- Single‑tenant convenience store on a 0.11‑acre parcel
- 10‑year lease runs through August 31, 2032
- Two five‑year renewal options, with 10% rent increases at each option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,761
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,220
$755.2K
Cap Rate 7%
$539,443
$539.4K
Cap Rate 9%
$419,567
$419.6K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$54.1K $21.00/SF
− Vacancy
−$3.8K −$1.47/SF
EGI
$50.3K $19.53/SF
− OpEx
−$12.6K −$4.88/SF
NOI
$37.8K $14.65/SF
Area
North Charleston, SC
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,220
Cap Rate 7%
$539,443
Cap Rate 9%
$419,567
Alternative Uses
Best Use
Specialty Retail
$539.4K
$472.0K – $629.4K
NOI $37,761 @ 7.0% cap · market cap 3.78%
Second Best
Retail
$426.9K
$373.6K – $498.1K
NOI $29,884 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$700.0K
$612.5K – $816.7K
NOI $49,003 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15,600 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Electronics 8%
Family Dollar
Shops & Services
8,151 visits/mo
0.4 miles
Church's Chicken
Dining
5,839 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,281 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
643 visits/mo
0.4 miles
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Future Mixed-Use Site — 3725 Rivers Ave, North Charleston, SC 29405
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A single-tenant retail property with a lease extending through 2032 and two five-year renewal options.
Where is this grocery and convenience store located?
The property is located at 1902 Reynolds Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Single‑tenant convenience store on a 0.11‑acre parcel; 10‑year lease runs through August 31, 2032; Two five‑year renewal options, with 10% rent increases at each option
