2590 David H McLeod Blvd - Freestanding FOR SALE


Florence, SC 29501
$1,389,000 USD
949-724-5552
2590 David H McLeod Blvd, Florence, SC for Sale
$1,389,000 USD
Freestanding - FOR SALE
1/7
null | 9.5% Cap Rate

2590 David H McLeod Blvd
Florence, SC 29501


HIGHLIGHTS

  • New Roof in 2019 with a 20-Year Roof Warranty
  • 5 Year Option Recently Exercised – 17-Year Operating History
  • 671 Stores Across the Country (April 15, 2025)
  • Strategically Positioned in Florence’s Main Retail Corridor - Outparcel to Cross Roads Center – 269,000 SF Power Center
  • Directly Opposite Magnolia Mall – 600,000 SF Regional Mall & 1.3 Miles from Florence Mall – 329,000 Power Center

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant net-leased The Vitamin Shoppe in Florence, SC. The Tenant recently exercised a 5-year option, showing their commitment to the location. The Vitamin Shoppe operates 671 locations across the country (April 15, 2025) and is a subsidiary of Kingswood Capital Management and Performance Investment Partners. The net lease has 4 years remaining in the primary term and two, 5-year option periods with a 37% rent increase in the first option and a 10% rent increase in the second option. The roof was replaced in 2019 and has a 20-year roof warranty in place. The 4,160 SF building is on a 0.44-acre parcel, and is strategically located in Florence’s main retail corridor with traffic counts along David H McLeod Blvd exceeding 32,300. The subject property is an outparcel to Cross Roads Center, a 269,000 SF power center, is directly opposite Magnolia Mall, a 600,0000 SF regional mall, and is only 1.3 Miles away from Florence Mall, a 329,000 SF power center. Nearby retailers include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Chick-fil-A, Chipotle, Panera and more. The property is located in an upscale trade area with average household income over $100,000 in a 3-mile radius.

FOR SALE DETAILS

PRICE

$1,389,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vitamin Shoppe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

00099-01-086

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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