10020 Dorchester Rd, Summerville, SC, 29485-8556, US

Oakbrook Station

Asset Description

JLL is pleased to announce the opportunity to acquire Oakbrook Station Shopping Center, a high-performing Lowes Foods-anchored center with a well-tenured tenancy. Situated in the Charleston MSA, the Property is surrounded by numerous economic drivers, including Charleston International Airport (a joint civil-military airport), Google Data Center ($500M recent expansion), Volvo Manufacturing Facility ($600M recent expansion), and Mercedes-Benz Assembly Plant ($5B recent investment). The Property is strategically positioned on Summer Ave (40,071 AADT) with proximity to I-26 (90,400 AADT). The Property is +/- 15 miles west of Downtown Charleston. The Property offers multi-anchor drawing power from Lowes Food, USPS, and Dollar Tree.

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Attributes

Building area Net

12,744 m²

Occupancy

99.00%

Year built

1997

Land area net

5.38 ha (53,823 m²)

Media

Investment Highlights

Necessity-Based Income Security With ~60% Of Income Being Derived From Lowes Foods, USPS, And Dollar Tree
Grocery Anchor With Strong Sales Performance And Over 14 Years Of Term Remaining
Highly Sought After Charleston MSA
Proximate To Major Economic Drivers And Corporate Expansions
Exceptional Traffic Counts (~100K VPD)
Below Market Average Shop Rent
High Barriers Of Entry And Offered Well Below Replacement Cost