Freedom Plasma | NNN Lsed | 11 Yrs Remaining | 311 Hampton St
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Freedom Plasma | NNN Lsed | 11 Yrs Remaining 311 Hampton St
11,891 SF Retail Building Greenwood, SC 29646 $5,462,000 ($459/SF) 7.15% Cap Rate
Investment Highlights
- 11 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | $3.55M Renovation in 2021
- Near Self Regional Medical Center | Dense Retail Corridor | Direct Consumer Base | Lander University (4,300+ Students)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate guaranteed Freedom Plasma investment property located in Greenwood, South Carolina. The tenant, BioTek America, LLC, has 11 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Freedom Plasma was developed and is managed by ImmunoTek Bio Centers, LLC, the largest independent plasma collection center operator.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,891 SF
Building Class
C
Year Built/Renovated
1999/2021
Price
$5,462,000
Price Per SF
$459
Cap Rate
7.15%
NOI
$390,543
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.48 AC
Zoning
GC - General Commercial
Parking
63 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6846-770-129-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $94,190 |
PROPERTY TAXES
Parcel Number
6846-770-129-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$94,190
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Freedom Plasma | NNN Lsed | 11 Yrs Remaining | 311 Hampton St
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