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1000 Floyd Drive, Charleston, SC 29414
$4,875,000







Property Type:
Commercial Sale
Square Footage:
5,660
Status:
Active
Current Price:
$4,875,000
List Date:
4/24/2025
Last Modified:
5/23/2025
Description
Oswald Cooke & Associates is pleased to present the opportunity to acquire 100 Floyd Drive in Charleston, SC. This premier retail asset is secured by a 15-year absolute NNN corporate ground lease with Chick-fil-A, one of the nation's most successful quick-service restaurant chains. Currently under construction, the property's lease commences on August 24, 2025. The lease includes ten (10) five-year renewal options, with rent increasing by 10% every five years throughout both the initial term and all renewal periods.
Situated on a 2.37-acre outparcel of Walmart, the site boasts a prime corner location at the intersection of Floyd Drive, West Ashley Circle, and Bees Ferry Road—an area characterized by high traffic volumes, exceptional visibility, and convenient access. Infrastructure improvements, including recent widening projects along Glenn McConnell Parkway, have enhanced connectivity and alleviated congestion in the surrounding area.
The property is nestled within a rapidly growing corridor, surrounded by numerous existing and planned residential communities, as well as a wave of new and proposed commercial developments. These include both national and local retailers, along with office space expansions. Notable neighboring businesses include Starbucks, Harris Teeter, Tropical Smoothie Café, Lowes Foods, Lowe's, Home Depot, McDonald's, Jersey Mike's, Great Clips, and many others, underscoring the site's strong consumer draw and long-term investment appeal.
More Information MLS# 31006049
Location
Street Number: 1000
Street Name: Floyd
Street Suffix: Drive
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 12 - West of the Ashley Outside I-526
State or Province: SC
Postal Code: 29414
Parcel Number: 3010000805
Opportunity Zone: No
General Information
Status: Active
Property Sub Type: Retail
Listing Name: Chick-Fil-A | New Construction | 15-Year NNN Ground Lease
Building Area Total: 5660
Lot Acres: 2.37
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
Anchored?: Yes
List Price/Acre: 2056962.03
List Price/SqFt: 861.31
Opt In to Crexi?: Yes
Contract Information
Listing Contract Date: 2025-04-23
List Price: $4,875,000
Original List Price: 4875000
Current Price: $4,875,000
Building Related
Tenancy: Single Tenant
Year Built: 2025
Parking Total: 70
Number Of Buildings: 1
Land Related
In Flood Plain?: No
Status Change Info
Status Change Date: 2025-04-24
Auction Details
Auction: No
Property Features
Property Sub Type: Retail
Documents
Listing Office: Oswald Cooke and Associates
Last Updated: May - 23 - 2025
Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc.
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