311 Hampton St - Freestanding FOR SALE


Greenwood, SC 29646
$5,462,000 USD
470-344-2586
311 Hampton St, Greenwood, SC for Sale
$5,462,000 USD
Freestanding - FOR SALE
1/9
null | 7.15% Cap Rate

311 Hampton St
Greenwood, SC 29646


HIGHLIGHTS

  • 11 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | $3.55M Renovation in 2021
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Self Regional Medical Center | Dense Retail Corridor | Direct Consumer Base | Lander University (4,300+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,462,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freedom Plasma | NNN Lsed | 11 Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

GC

APN/PARCEL ID

6846-770-129-000

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.