A commercial property located in Charleston, USA, is now available for investment. Priced at $15,000 per share, this opportunity offers an estimated minimal return of 20.3% with a property value of $20,036,785. Invest in Montague Corners, a $2.0M LP equity investment for the acquisition of a 96% occupied, 107K square foot neighborhood shopping center in Charleston, SC.

Built in 1987, this property boasts a 61% lease to national credit tenants such as Planet Fitness, Dollar General, Save-a-lot, and Harbor Freight. Acquired at a 26% discount to comparable transactions, the property has strong in-place cash flow that the Sponsor aims to enhance through leasing and monetizing two out parcels that currently provide no income.

The Sponsor, a partnership between O’Connor Capital, Woodlock Capital, and Sopris Capital, brings a wealth of experience to the table. O’Connor Capital, with $5.5 billion in AUM, owns and operates approximately 10M SF of retail property, while Woodlock Capital, based locally in Charleston, offers local tenant leasing expertise.

The property's average remaining lease term is 3.4 years, with the anchor tenant, Planet Fitness, backed by a corporate guaranty until 2027. With little deferred maintenance expected due to a recent $4M renovation by the Seller, the property's value is further bolstered by a 300+ unit development on the adjacent lot set for completion in the fall of 2024.

With a strategic plan to improve tenant credit and raise rents to market rates as leases expire, this investment opportunity presents a solid option for those looking to capitalize on the thriving real estate market in Charleston, USA.