1021 Ewall St Mount Pleasant, SC 29464-3075

Property Details for 1021 Ewall St

Year built

2006

Lot size

1.44 lot acres

Property size

3,570 SF

Property type

Office buildings

APN

514-00-00-227

APU

5140000227

Description

This exceptional investment opportunity presents a fee-simple, 3,120 square foot retail property located at 1021 Ewall St, Mount Pleasant, SC 29464, within the Charleston MSA. The property, built in 2006, sits on a 1.46-acre lot and boasts a 100% occupancy rate with a single tenant: a major, credit-rated bank with a corporate guarantee. The property features a three-lane drive-thru and ample parking (30 spaces). The NN+ lease structure minimizes landlord responsibilities to roof, structure, and foundation. The current lease provides a strong NOI of $304,760, yielding a 6.60% cap rate, with two 5-year renewal options, each including a 5% rent increase. The property enjoys exceptional visibility on Hwy-17, with over 96,800 vehicles passing daily, and benefits from its proximity to the Ravenel Bridge and downtown Charleston. The surrounding area exhibits superior demographics, with an average household income exceeding $161,678 within a 1-mile radius. This location is one of only eight branches in South Carolina for this particular bank, and is the only one in the Charleston area with a drive-thru. The asking price is $4,617,576. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a prime location with significant long-term growth potential.

Location Insight

City

Mount Pleasant

County

Charleston

State

South Carolina

Longitude

-79.8841

Latitude

32.8075

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments