1902 Reynolds Avenue

Investment Overview

NAI Charleston is please to present 1902 Reynolds Avenue, a ±2,575 SF freestanding Retail/Convenience store. This property presents an investment opportunity offering a stable, long-term income stream with a 10-year lease in place through August 31, 2032, providing approximately six years of remaining term at a current rental rate of $5,500 per month. The lease includes two five-year renewal options, offering the potential for occupancy through 2042, with 10% rental increases to $6,050 and $6,655 per month, respectively. The lease structure provides limited landlord responsibilities, with the tenant responsible for utilities and nearly all maintenance and repairs. The combination of contractual rent growth, long-term occupancy potential, and minimal ownership obligations makes the property an attractive opportunity for investors seeking durable cash flow.

Investment Highlights

• Single-Tenant Investment – Retail and convenience store
• Long-Term Lease – 10-year lease in place through August 31, 2032
• Strong visibility with traffic counts of 15,600 VPD
• ±2,578 SF on 0.11 AC Parcel
• Zoning: City of Charleston - B-2 (General Business)
• County: Charleston
• TMS: 469-08-00-002
• Sales Price: $1,000,000