Location
The subject property is strategically located near the signalized hard corner intersection U.S. Highway 17 and West 5th Street, averaging a combined 74,400 vehicles passing by daily. U.S. Highway 17 is the primary retail thoroughfare supporting Summerville and the greater Charleston area. The immediate retail corridor is home to variety of national/credit tenants including Walmart Supercenter, Target, T.J Maxx, Kohl’s, Dick’s Sporting Goods, Home Depot, Lowe’s, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Additionally, the asset is situated near several medical centers including Trident Medical Center (321 beds) and Summerville Medical Center (124 beds), providing a direct consumer base from which to draw. Moreover, the building is within close proximity to multiple schools including Flowertown Elementary (755 students), Summerville Highschool (3,119), and Gregg Middle School (1,261), providing the building with a large pool of younger patients. The 5-mile trade area is supported by more than 140,033 residents and 36,544 daytime employees with an average household income of $81,452.