Freedom Plasma | NNN Lsed | 9+ Yrs Remaining | 236 S Pike W
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Freedom Plasma | NNN Lsed | 9+ Yrs Remaining 236 S Pike W
12,100 SF Retail Building Sumter, SC 29150 $5,608,000 ($463/SF) 7.25% Cap Rate
Investment Highlights
- 9+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed Lease | Well-Known & Established Brand
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
- Signalized, Hard Corner Intersection | Centralized Location | Excellent Visibility & Access
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Major Nearby Shopping Centers | Strong Tenant Presence
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 guaranteed, Freedom Plasma investment property located in Sumter, SC. The tenant, Biotek America, LLC (dba Freedom Plasma) has just under 10 years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Grifols Shared Services North America, Inc. 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
Retail
Property Subtype
Building Size
12,100 SF
Building Class
C
Year Built
2019
Price
$5,608,000
Price Per SF
$463
Cap Rate
7.25%
NOI
$406,608
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.57 AC
Zoning
CBD - Central Business
Parking
66 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 229-03-02-006 | Improvements Assessment | $120,390 |
| Land Assessment | $8,010 | Total Assessment | $128,400 |
PROPERTY TAXES
Parcel Number
229-03-02-006
Land Assessment
$8,010
Improvements Assessment
$120,390
Total Assessment
$128,400
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Freedom Plasma | NNN Lsed | 9+ Yrs Remaining | 236 S Pike W
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