Single-Tenant NNN
For Sale
$875,000
6285 Rivers Avenue, North Charleston, SC 29406
Fee-simple ownership pairs with a NNN lease and no landlord responsibility.
Property Size3,791 SF
Days on Market75
Property Features for 6285 Rivers Avenue
General Information
Standard status
Active
Size
3,791 SF
Property subtype
Retail
Building Details
Building Size
3,791 SF
Tenancy
Single
Listing Agency:
Avison Young - Downtown Los Angeles
(213) 453-1770
Listed By:
David Maling · License #CalDRE #01139115
(213) 453-1770
Source:
Naiglobal
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 29 at 8:35PM
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 Avison Young - Downtown Los Angeles
Investment Insights
Based on property information with market context.
The property at 6285 Rivers Avenue in North Charleston, South Carolina, is a single-tenant Tire Choice Service Center situated on fee-simple land. The asset is subject to a NNN lease with no landlord responsibility, providing a defined ownership and lease structure.
Tire Choice recently exercised its first option following the original 10-year term. The lease includes three additional 5-year options, with annual rental increases of 3% continuing through the following option periods. The property is positioned within a dense retail corridor alongside neighboring retailers, supporting its established commercial setting.
Tire Choice recently exercised its first option following the original 10-year term. The lease includes three additional 5-year options, with annual rental increases of 3% continuing through the following option periods. The property is positioned within a dense retail corridor alongside neighboring retailers, supporting its established commercial setting.
Key Highlights
- Single‑tenant Tire Choice Service Center on fee‑simple land
- NNN lease with no landlord responsibility
- First option exercised after the original 10‑year term
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
$43,945
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
5.02%
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%
$878,900
$878.9K
Cap Rate 7%
$627,786
$627.8K
Cap Rate 9%
$488,278
$488.3K
Market Conditions
NOI Build-Up for 3,791 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
$68.2K $18.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$62.8K $16.56/SF
− OpEx
−$18.8K −$4.97/SF
NOI
$43.9K $11.59/SF
Area
North Charleston, SC
Vacancy
8.00%
Lease Rate
$18.00 /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%
$878,900
Cap Rate 7%
$627,786
Cap Rate 9%
$488,278
Alternative Uses
Best Use
Retail
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.03M
$900.7K – $1.20M
NOI $72,059 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fee-simple ownership pairs with a NNN lease and no landlord responsibility.
Where is this nnn property located?
The property is located at 6285 Rivers Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Single‑tenant Tire Choice Service Center on fee‑simple land; NNN lease with no landlord responsibility; First option exercised after the original 10‑year term
