5075 Dorchester Rd North Charleston, SC 29418-5627

This newly renovated 6,161 square foot shopping center in North Charleston, South Carolina presents a compelling investment opportunity. Located at 5075 Dorchester Rd, 29418, this multi-tenant property boasts a strong 10.13% cap rate and a net operating income (NOI) of $110,916, priced at $1,095,000 ($177.73/sq ft). The property underwent a complete renovation in Spring 2023, including a new roof, HVAC systems, wiring, and plumbing. This significantly reduces potential maintenance expenses for the new owner. The limited landlord liability structure, with tenants responsible for CAM, insurance, taxes, HVAC, and roof repairs, further minimizes risk and operational overhead. Current leases allow for annual rent adjustments of up to 10-20%, providing potential for increased income. There are currently no vacancies, and strong tenant interest persists. The property benefits from its location in a high-growth corridor, within a half-mile of Greystar's new 336-unit multifamily development, Montague Corners, and across the street from national retailers like Planet Fitness, Dollar General, and Save-A-Lot. Its proximity to the Charleston International Airport (within a 10-minute drive) and the ongoing 70-acre riverfront master development plan near the North Charleston Naval Base further enhances its investment appeal. Charleston-North Charleston's robust economic growth, ranking first in fastest-growing metro economies in June, according to the Bureau of Labor Statistics, underscores the property's potential for long-term value appreciation. This high-return investment is particularly attractive in the current high-interest-rate environment, making it ideal for both in-state and out-of-state investors seeking a short-term, high-yield opportunity.