4621 Hard Scrabble Rd - Health Care FOR SALE


Columbia, SC 29229- Northeast Arcadia Lakes
$1,555,000 USD
980-498-3293
4621 Hard Scrabble Rd, Columbia, SC for Sale
$1,555,000 USD
Health Care - FOR SALE
1/5
null | 5.5% Cap Rate

4621 Hard Scrabble Rd
Columbia, SC 29229
Northeast Arcadia Lakes


HIGHLIGHTS

  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • NEARBY SCHOOLS PROVIDE MEDICAL DEMAND
  • STRONG DEMOGRAPHICS ALONG COMMUTER THOROUGHFARE

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS - New 10 year Abs. NNN lease - 5% rent increases every 5 years in initial term and in 3 x 5 year option periods - Zero landlord responsibilities CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - This Novant Health location is backed by the Novant Health credit (S&P: AA-) - The tenant Novant Health Urgent care is a subsidiary of Novant Health with over $8.3 Billion in annual revenue - The whole system has over 18 hospitals, 850 outpatient centers, and over 40,000 employees OUTPARCEL TO PUBLIX ANCHORED CENTER IN MAJOR RETAIL CORRIDOR - Over 450k SF of retail space located in a 1-mile radius - Site is an outparcel to the Rice Creek Village Shopping Mall - The 72K SF shopping mall is anchored by a Publix Supermarket and is 98% leased - Nearby National Retailers Include: Publix Supermarket, LIDL, Food Lion, Family Dollar, and more NEARBY SCHOOLS PROVIDE MEDICAL DEMAND - Site is located just south of Rice Creek Elementary School and Ridge View High School - More than 2,400 students and 150 full time employees between the two schools STRONG DEMOGRAPHICS ALONG COMMUTER THOROUGHFARE - Fronting busy Hardscrabble Rd boasting 21,600 VPD - Within a 3-mile radius are more than 67K people with an average household income exceeding $107K - Within a 3-mile radius of the site are more than 23K households COLUMBIA, SC MSA - The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020 - Columbia has a strong job market with projected job growth of over 27% in the next ten years - Healthcare and Education industries are the major economic drivers

FOR SALE DETAILS

PRICE

$1,555,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Novant Health

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

PDD

APN/PARCEL ID

20300-02-36

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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