SRS Real Estate Partners’ National Net Lease Group has arranged the $7.3 million sale of The Shops at Gregorie Landing, a 11,125-square-foot retail property in Mount Pleasant, S.C. The property is approximately 11 miles from the Charleston metro area.
Located at 2966 Hwy 17 N, the property is fully occupied by Panera Bread, TD Bank and Heartland Dental which have all signed long-term, triple net leases. Completed in 2020, the 11,125-square-foot property is situated on a 1.6-acre land parcel.
Parker Walter, Matthew Mousavi and Patrick Luther of SRS represented the buyer, a private investor from the Northeast in a 1031 exchange. The seller, a South Carolina-based developer, was represented by Benjy Cooke of Oswald Cooke & Associates.