Mount Pleasant Retail Building For
For Sale
Contact for pricing
341 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
Large, standalone retail building in desirable Mount Pleasant location.
Property Size5,727 SF
Price / SF$611.14
Days on Market663
Property Features for 341 Johnnie Dodds Blvd
General Information
Standard status
Active
Size
5,727 SF
Property subtype
Retail
Zoning
AB-1
Building Details
Year Built
1980
Listing Agency:
Landmark Enterprises Services, LLC
Listed By:
Jon Chalfie · License #SC
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 28
Last Checked: Aug 14 at 5:58AM
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 Landmark Enterprises Services, LLC
Investment Insights
Based on property information with market context.
This is an exclusive opportunity to purchase a large, standalone retail building in a highly desirable Mount Pleasant location. The building is in fantastic condition, with several significant enhancements made in the last two years, including a new roof, new electrical system and panels throughout, new insulation, and a new HVAC system. The property offers high visibility from Highway 17 and features a built-in marquee ready for business signage. The interior dining space spans over 5,727 square feet. An ideal outdoor patio and bar area complements the interior. Ample parking is available. All furniture, fixtures, and equipment are negotiable, with a walk-in refrigerator and freezer included. This property is located at 341 Johnnie Dodds Blvd, Mount Pleasant, SC 29464.
Key Highlights
- Highly desirable Mount Pleasant location with high visibility from Highway 17.
- Large, standalone retail building with over 5,727 SF of interior dining space.
- Recent enhancements including a new roof, new electrical and panels, new insulation and HVAC.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,149,860
$2.1M
Cap Rate 7%
$1,535,614
$1.5M
Cap Rate 9%
$1,194,367
$1.2M
Market Conditions
NOI Build-Up for 5,727 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$160.1K $27.96/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$153.6K $26.81/SF
− OpEx
−$46.1K −$8.04/SF
NOI
$107.5K $18.77/SF
Area
Charleston County, SC
Vacancy
4.10%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,149,860
Cap Rate 7%
$1,535,614
Cap Rate 9%
$1,194,367
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,493 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,523 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
254k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 26%
Shops & Services 15%
Hotels & Casinos 8%
Trader Joe's
Groceries
46,782 visits/mo
0.3 miles
Whole Foods Market
Groceries
42,677 visits/mo
0.2 miles
Harris Teeter
Groceries
22,335 visits/mo
0.1 miles
Starbucks
Dining
18,334 visits/mo
0.2 miles
Wendy's
Dining
17,883 visits/mo
0.1 miles
Demographics for 29464, SC
51,287
Population
26,829
Households
1.9
Avg Household Size
41
Median Age
67%
College-Educated
96%
High-School Grad
30.1 sq mi
ZIP Area
1,704
Density / Sq Mi
$107,215
Median Household Income
$60,066
Median Earnings
$1,973
Median Rent
$672,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Large, standalone retail building in desirable Mount Pleasant location.
Where is this retail space located?
The property is located at 341 Johnnie Dodds Blvd Mount Pleasant, SC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Highly desirable Mount Pleasant location with high visibility from Highway 17.; Large, standalone retail building with over 5,727 SF of interior dining space.; Recent enhancements including a new roof, new electrical and panels, new insulation and HVAC.**
