Shopping Center With National
For Sale
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5900 RIVERS AVE, North Charleston, SC 29406
Multi-tenant retail center with established national and regional occupants, outparcels, and access from Rivers Avenue near I-26.
Property Size236,000 SF
Days on Market144
Property Features for 5900 RIVERS AVE
General Information
Standard status
Active
Size
236,000 SF
Property subtype
Retail
Occupancy
93%
Property Condition
Severity
Repairs Needed
Evidence
The center needs capital improvements to the tune of $400,000 (parking lot and roof over Octapharma).
Financials
Asking Price
$19,200,000
Cap Rate
9%
Site & Location
Traffic Count
55,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Al Taf · License #GA 233619
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 6:34PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
North Charleston Center is a 236,000-square-foot shopping center at 5900 Rivers Ave. in North Charleston, South Carolina. The property includes 219,000 square feet of occupied space, with national and regional tenants representing 88% of occupancy. Current occupants include Old Time Pottery, Northern Tool, dd’s Discount, Citi Trends, Dollar Tree, Rent-A-Center, Badcock Furniture, DaVita, and Octapharma Plasma. McDonald’s and Popeyes occupy outparcel locations.
The center fronts Rivers Avenue, also identified as Hwy 52/78, with reported traffic of 55,000 vehicles per day. It is positioned near I-26, which carries 126,000 vehicles per day, and Charleston International Airport. Approximately 78% of occupied space has more than 5 years of average lease term remaining. Old Time Pottery occupies the largest space at 62,696 square feet under a 10-year lease. The largest building contains 133,747 square feet and had its roof replaced in 2011. The property has a reported 9% cap rate and requires capital improvements to the parking lot and the roof over Octapharma.
The center fronts Rivers Avenue, also identified as Hwy 52/78, with reported traffic of 55,000 vehicles per day. It is positioned near I-26, which carries 126,000 vehicles per day, and Charleston International Airport. Approximately 78% of occupied space has more than 5 years of average lease term remaining. Old Time Pottery occupies the largest space at 62,696 square feet under a 10-year lease. The largest building contains 133,747 square feet and had its roof replaced in 2011. The property has a reported 9% cap rate and requires capital improvements to the parking lot and the roof over Octapharma.
Key Highlights
- 236,000‑square‑foot shopping center with 219,000 square feet occupied
- National and regional tenants account for 88% of occupied space
- Approximately 78% of occupied space has over 5 years of average lease term remaining
Property Analytics
Property Profile
Current Use
Lease Details
55,000 VPD
Traffic count
92.8%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
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?
Shopping center - Multi-tenant retail center with established national and regional occupants, outparcels, and access from Rivers Avenue near I-26.
Where is this shopping center located?
The property is located at 5900 RIVERS AVE North Charleston, SC.
What are key features of this property?
This property features: 236,000‑square‑foot shopping center with 219,000 square feet occupied; National and regional tenants account for 88% of occupied space; Approximately 78% of occupied space has over 5 years of average lease term remaining
