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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
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