1840 Pineview Dr - Medical FOR SALE


Columbia, SC 29209- Hopkins Suburban
$1,798,000 USD
847-562-0003
1840 Pineview Dr, Columbia, SC for Sale
$1,798,000 USD
Medical - FOR SALE
1/5
null | 6.85% Cap Rate

1840 Pineview Dr
Columbia, SC 29209
Hopkins Suburban


HIGHLIGHTS

  • Investment grade (S&P: BBB-) & Publicly traded tenant (NYSE: FMS)
  • Over 6 years remain on the primary term
  • Commitment to location as Fresenius demonstrated – Tenancy since 1996
  • Proximity to Garners Ferry Road (35,000 VPD) and Interstate 77 (69,600 VPD)
  • Across from the new Burnside Farms singe family housing development (500 homes)
  • Nearby tenants include Tractor Supply Company, Food Lion, CVS, Walgreens, O’Reilly Auto Parts, Zaxby’s, and several others

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fresenius Medical Care property located in Columbia, South Carolina. Fresenius has been operating at this location since 1996 and has executed multiple lease extensions during their tenancy. Fresenius recently signed extension that expires in January 2032, demonstrating commitment to the site. The lease features 2% annual rent increases throughout the primary term. There are also two 5-year options included. Furthermore, the property received a new roof in June 2023 and has had HVAC units replaced over the last 3 years. Fresenius is an investment grade rated tenant (S&P: BBB-) and is publicly traded on the New York Stock Exchange under “FMS. The 6,104 square-foot building bene?ts from its position along Pineview Drive which has immediate access to Garners Ferry Road (35,000 VPD). There are several nationally recognized tenants occupying the corridor including Tractor Supply Company, Food Lion, CVS, Walgreens, O’Reilly Auto Parts, Zaxby’s, and Wendy’s. Further northwest along Garners Ferry Road is a large cluster of big and junior box retailers including Walmart Supercenter, Lowe’s Home Improvement, Harbor Freight, Planet Fitness, Hibbett Sports, and several others. Via Garners Ferry Road, the subject asset is within proximity to Interstate 77 which experiences over 69,600 vehicles per day and carries a large portion of the area’s daytime population. There are over 69,000 people that live within a 5-mile radius. The average household income in the same radius is $91,341. The property is also across from the new Burnside Farms singe family housing development which will have 500 homes when complete. Fresenius Medical Care North America (FMCNA) is the premier healthcare company focused on providing the highest quality care to people with renal and other chronic conditions. Through its industry-leading network of dialysis facilities and outpatient cardiac and vascular labs, Fresenius Medical Care North America provides coordinated healthcare services at pivotal care points for hundreds of thousands of chronically ill customers throughout the continent. As the world’s largest fully integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals.

FOR SALE DETAILS

PRICE

$1,798,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

GC

APN/PARCEL ID

19000-01-05

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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