$6,250,000 1401 Ben Sawyer Blvd Mount Pleasant, SC

MLS: 29853282   Type: Commercial   County: Charleston   City: Mount Pleasant   Area: Mt. Pleasant South Iop   Zip: 29464  

Mortgage $29,343 /mo



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This listing is for the leasehold interests of Gateway to the Beach. This asset is subject to ground leases. The CVS-anchored open-air neighborhood shopping center is located on well-travelled Ben Sawyer Blvd. at the intersection of McCants Dr., Ben Sawyer Blvd., and Rifle Range Rd. This is a high traffic location with over 21,500 vehicles daily. It would be very difficult to replicate this property. This property features an eclectic mix of retail, restaurant and services. Gateway to the Beach is highly visible, has excellent signage and is accessible on two roads. Additionally this property features excellent demographics with a dense population and is surrounded by affluent neighborhoods. Other business in the immediate vicinity include: Publix, BiLo and Harris Teeter. This is an irreplaceable, hard to develop location in a highly desirable Mt. Pleasant location. DIRECTIONS: From Downtown Charleston merge onto U.S 17 N/Arthur Ravenel Jr Bridge via the ramp to Mt Pleasant, Take the S Carolina 703/Coleman Blvd ramp to Sullivans Island, merge onto Coleman Blvd. continue onto Ben Sawyer, Gateway to the Beach will be on the right. TENANT INFO: CVS, ON THE SPOT CLEANERS, MARY MOJO, LIQUID FORCE, PRAXIS PILATES, J PAULZ, NAILS SO DEP! CVS EMPLOYS APPROXIMATELY 200,000 IN 44 STATES, THE DISTRICT OF COLUMBIA, AND PUERTO RICO, OPERATES MORE THAN 7,327 RETAIL STORES, 30 ONSITE PHARMACIES, 31 SPECIALTY PHARMACY STORES, 13 SPECIALTY MAIL ORDER PHARMACIES, FOUR MAIL ORDER PHARMACIES, AND CVS.COM AND CAREMARK.COM WEBSITES. QUICK FACTS: HEADQUARTERS LOCATED IN WOONSOCKET, R.I. MORE THAN $107 BILLION IN ANNUAL REVENUE; RANKED 18TH ON FORTUNE 500 FOR 2012; NO. 1 PROVIDER OF PRESCRIPTIONS MORE THAN 1 BILLION PRESCRIPTIONS FILLED OR MANAGED ANNUALLY; NO. 1 SPECIALTY PHARMACY; LARGEST EMPLOYER OF PHARMACISTS AND NURSE PRACTITIONERS; 75 PERCENT OF THE U.S. POPULATION LIVES WITHIN THREE MILES OF A CVS/PHARMACY; NO. 1 RETAIL-BASED MEDICAL CENTER OPERATOR; MORE THAN 13 MILLION MINUTECLINIC PATIENT VISITS TO DATE; NO. 1 RETAIL LOYALTY PROGRAM; MORE THAN 69 MILLION ACTIVE EXTRACARE CUSTOMERS

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Price History

1/17/2018 Listed $6,250,000

Property Sub Type Other
Property Type Retail-Commercial
Submarket 42 - Mt.Pleasant South of IOP Connector

Interior Features

Landsize Max 2.600
Landsize Min 2.600
Landsize Units Acre
Size Gross Sf 26392

Property Schools

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Property vs Zip Code Avg (29464)

Price 6.25M Avg 1.81M

Sqr Feet 26,392 Avg 2,804

Cost / Sqr Ft $237 Avg $648

Visits 350 Avg 88

Days on Site 372 Avg 194

Walkscore® 67 Avg 50

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Listing Provided Courtesy Of: Belk / Lucy

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Location & Address

The Boulevard Company
806 Johnnie Dodds Blvd
Mount Pleasant, SC