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