LFB Plasma | NNN Lsed | 8+ Yrs Remaining | 1933 Second Loop Road loop
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LFB Plasma | NNN Lsed | 8+ Yrs Remaining 1933 Second Loop Road loop
17,174 SF Office Building Florence, SC 29501 $4,092,000 ($238/SF) 7% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
- Located Along 2nd Loop Road | Centralized Location | Excellent Visibility & Access
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Dense Retail Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Regency Hospital - Florence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, LFB Plasma investment property located in Florence, SC. The tenant LFB American Plasma, LLC (dba LFB Plasma) has 8+ years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features a 10% increase in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
17,174 SF
Building Class
B
Year Built/Renovated
1970/2017
Price
$4,092,000
Price Per SF
$238
Cap Rate
7%
NOI
$286,440
Tenancy
Single
Building Height
1 Story
Typical Floor Size
17,174 SF
Building FAR
0.12
Land Acres
3.28 AC
Zoning
AC - Activity Center
Parking
175 Spaces (10.19 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Reception
- Air Conditioning
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LFB Plasma | NNN Lsed | 8+ Yrs Remaining | 1933 Second Loop Road loop
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