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Property profile & analytics
FOR SALE
Turn key restaurants

6150 Rivers Ave North Charleston, SC 29406

2,138 SF 0.96 ac lot Built 1978
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US77-2779051
Property summary
AI-generated overview

This exceptional investment opportunity presents a freestanding restaurant building at 6150 Rivers Ave, North Charleston, SC 29406. The 2,400 square foot building sits on a 0.96-acre lot and boasts 41 parking spaces, a significant advantage in a high-traffic area. Constructed in 1978, the masonry building features a hood system, grease trap, walk-in cooler and freezer, and ADA-compliant restrooms. Currently occupied by Nicks Gyros and Phillys under a NNN lease expiring December 30, 2024, with two five-year renewal options at market rate. The property's prime location on Rivers Avenue offers excellent visibility and accessibility, with convenient access from I-26 and I-526. The substantial parking, coupled with the adjacent extra land, provides ample space for customers and potential expansion. This successful, established tenant makes this a strong investment with significant upside potential. The asking price is $1,150,000. This is a rare opportunity to acquire a well-located, established restaurant property with a strong tenant and significant growth potential.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 2,138 SF
Lot 0.96 ac (41,818 SF)
APN 475-16-00-019
UPID US77-2779051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$752k
Blend (final) Blend
$585k
Owner & transaction history
Sp 6150 LLC · 11 yrs held
Sp 6150 LLC
since 2015
5 recorded transactions
2018
Price N/A
2015
Price N/A
2008
Price N/A
2008
$700,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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