SRS Real Estate Partners’ National Net Lease Group has arranged the $7.6 million sale of a two-tenant, 65,000-square-foot retail property in North Charleston.
Located at 7800 Rivers Ave., the property is fully occupied by national tenants Hobby Lobby (55,000 square feet) and Boot Barn (10,000 square feet). Built in 1987 and renovated in 2016, the property is situated on six acres and is an anchor to a larger shopping center that includes Gander Outdoors, Party City, and Ollie’s Bargain Market. The asset is also an approximately ten-minute drive from Charleston International Airport
Matthew Mousavi, Patrick Luther, Britt Raymond and Kyle Fant of SRS represented the seller, an active developer in the Southeast. SRS also handled the financing on behalf of the buyer, a New Jersey-based private investor who was in a 1031 exchange.