1923-1945 2nd Loop Rd - Storefront FOR SALE


Florence, SC 29501
$3,370,000 USD
470-344-2586
1923-1945 2nd Loop Rd, Florence, SC for Sale
$3,370,000 USD
Storefront - FOR SALE
1/9
null | 8.5% Cap Rate

1923-1945 2nd Loop Rd
Florence, SC 29501


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense Retail Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Regency Hospital - Florence
  • Located Along 2nd Loop Road | 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 signed, LFB Plasma investment property located in Florence, SC. The tenant LFB American Plasma, LLC (dba LFB Plasma) has 6+ years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features a 10% increase in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,370,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LFB Plasma | NNN Lsed | 8+ Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

175

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

B1

APN/PARCEL ID

90029-01-014

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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