AutoZone Auto Parts For
8385 Patriot Blvd, Charleston, SC 29418
For Sale
Contact for pricing
Pending
7,362 SF AutoZone on 1.26 acres, extended lease.
Property Size7,362 SF
Lot Size1.26 Acres
Days on Market259
Property Features for 8385 Patriot Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License GA #349355
(404) 504-7893
Source:
Crexi
Added: Feb 25
Changed: Oct 30
Last Checked: Nov 8 at 8:24AM
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 CBRE - Atlanta
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a 7,362-square-foot AutoZone Auto Parts store situated on 1.26 acres in North Charleston, South Carolina. Constructed in 2006, the property is under a lease that was recently extended for an additional 15 years, running through 2041. The lease is corporately guaranteed by AutoZone, Inc. and includes 2.5% annual rent increases starting in October 2029 throughout the initial term. There is one option to renew with a 12% rent increase.
Key Highlights
- Long‑term lease extension through 2041 provides stable income stream
- Corporate guaranty from AutoZone, Inc. ensures financial security
- Located in North Charleston, South Carolina (MSA Population: 859,469)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,131
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,982,620
$2.0M
Cap Rate 7%
$1,416,157
$1.4M
Cap Rate 9%
$1,101,456
$1.1M
Market Conditions
NOI Build-Up for 7,362 SF
Gross rent
$154.6K $21.00/SF
− Vacancy
−$13.0K −$1.76/SF
EGI
$141.6K $19.24/SF
− OpEx
−$42.5K −$5.77/SF
NOI
$99.1K $13.47/SF
Area
Charleston, SC
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,982,620
Cap Rate 7%
$1,416,157
Cap Rate 9%
$1,101,456
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,131 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$1.14M
$995.3K – $1.33M
NOI $79,626 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,460 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
254k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 34%
Apparel 2%
Chick-fil-A
Dining
43,550 visits/mo
0.4 miles
McDonald's
Dining
34,087 visits/mo
0.5 miles
Circle K
Shops & Services
26,236 visits/mo
0.4 miles
Wendy's
Dining
20,226 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
17,153 visits/mo
0.4 miles
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Charleston, SC
Similar Off Market Nearby
- ZF WABCO — 8225 Lincoln Patriot Blvd, North Charleston, SC 29418
- NTB-National Tire & Battery — 8421 Dorchester Rd, North Charleston, SC 29420
- Tire Choice Auto Service Centers — 8465 Dorchester Rd A, North Charleston, SC 29420
- Take 5 Oil Change — 8438 Dorchester Rd, North Charleston, SC 29420
- Jiffy Lube — 5138 Ashley Phosphate Rd, Charleston, SC 29418
Frequently Asked Questions
What type of property is this?
Auto shop - 7,362 SF AutoZone on 1.26 acres, extended lease.
Where is this auto shop located?
The property is located at 8385 Patriot Blvd Charleston, SC.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: Long‑term lease extension through 2041 provides stable income stream; Corporate guaranty from AutoZone, Inc. ensures financial security; Located in North Charleston, South Carolina (MSA Population: 859,469)
