71 Wentworth St Charleston, SC 29401

This exceptional Class A, 1,064 square foot storefront retail condo at 71 Wentworth Street in Charleston, South Carolina, presents a compelling investment opportunity. Located in the heart of Charleston's vibrant retail district, just off King Street, this single-tenant, net-leased property boasts a 10-year lease with Inspirato, commencing May 1, 2024, and expiring April 30, 2034. The lease includes three 3% annual rent bumps, beginning in year three, and offers a strong net operating income (NOI) of $63,000, resulting in a 6.00% cap rate. The property, situated within the historic Masonic Lodge building, underwent renovations in 2024. The asking price is $1,050,000, translating to $986.84 per square foot. The property is zoned for General Business use and benefits from its proximity to luxury retailers, hotels, and restaurants. This is a rare opportunity to acquire a stabilized, high-performing retail asset in a highly sought-after location with significant barriers to entry. The tenant's occupancy date is May 1, 2024, ensuring immediate cash flow. This investment offers a secure, long-term lease with a reputable tenant and significant upside potential.