236 S Pike W - Freestanding FOR SALE


Sumter, SC 29150
$5,608,000 USD
470-344-2586
236 S Pike W, Sumter, SC for Sale
$5,608,000 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

236 S Pike W
Sumter, SC 29150


HIGHLIGHTS

  • 9+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed Lease | Well-Known & Established Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Major Nearby Shopping Centers | Strong Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location | Excellent Visibility & Access

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,608,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freedom Plasma | NNN Lsed | 9+ Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

CBD

APN/PARCEL ID

229-03-02-006

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.