Historically preserved, mixed-use assemblage with high-street retail fronting the most coveted shopping corridor in the Southeast, and 36 residential units directly adjacent to one of South Carolina’s most prestigious college campuses, with significant housing supply constraints and ultra-high barriers to entry.

U.S. News & World Report ranks King Street among the Top 10 Shopping Streets in the U.S., and the APA gives it a Great Street designation. It carries a 98 Walk Score, and roughly 60 new businesses opened along the corridor in the past year. The corridor has moved upmarket to global luxury with Gucci, Louis Vuitton, Sézane, Golden Goose, SKIMS and Alo. Demand is fed by 7.9 million annual visitors and a $14.4 billion tourism economy, with Charleston named Travel + Leisure’s #1 city for 13 consecutive years.

All 10,810 square feet of retail is 100% leased to Rag & Bone, Alice + Olivia, Jenni Kayne, Paige and DFTI at a blended $80.36 PSF, or 41% below market, with 3.0% annual escalations across every lease and a 6.4-year weighted average remaining term. This presents virtually no leasing risk, downtime or near-term capital.

In-place rent of ~$80.36 PSF NNN, against recent corridor leasing closer to $125-$160 PSF. A $135 PSF median equates to approximately $540K of annual retail rent upside. Multiple leases on subject block in hand for $150+/SF.

The 36 units are 97.2% occupied and already renovated with quartz, stainless and keyless entry, leaving no near-term interior capital. In-place rents average $3,057, with a high-water mark of $3,366 average across all floorplans — roughly 10% above the in-place average — demonstrating the ceiling the renovated product supports. The three 2 bed 2 bath units in the portfolio are currently rented $900 below market with all leases expiring December 2026 and are poised for immediate rental upside for new ownership. Demand comes from the College of Charleston, with roughly 12,000 students against only 3,800 beds.

Downtown condo prices average $922,000, with the cost of ownership exceeding renting by 113%; single-family homes run higher still at an average of $2.4 million, where the monthly cost of ownership is 354% above renting. The Four Seasons residences nearby will start at $5 million. That keeps a high-income renter base in place and supports continued pricing power.