5224 Sunset Blvd - Medical FOR SALE


Lexington, SC 29072- Lake Murray
$1,822,000 USD
980-498-3293
5224 Sunset Blvd, Lexington, SC for Sale
$1,822,000 USD
Medical - FOR SALE
1/5
null | 5.5% Cap Rate

5224 Sunset Blvd
Lexington, SC 29072
Lake Murray


HIGHLIGHTS

  • EASILY ACCESSIBLE AND HIGHLY VISIBLE LOCATION
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • OUTPARCEL TO LOWES FOOD CENTER AND IN A DENSE RETAIL NODE

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 LOWES FOOD CENTER AND IN A DENSE RETAIL NODE - Outparcel to Lowe’s Anchored Center (1M annual visitors) - Within a 1-mile radius of the site is more than 1.4M SF of retail space - Nearby National Retail Tenants Include: Target, Best Buy, Lowe’s Foods, Lowe’s Home Improvement, Kohl’s, Publix Supermarket, and more EASILY ACCESSIBLE AND HIGHLY VISIBLE LOCATION - Site is fronting busy Sunset Blvd (43,000 VPD) with full access into the Shopping Center from Sunset Blvd STRONG DEMOGRAPHICS IN IMMEDIATE AREA - Surrounding the site within a 3-mile radius there are more than 35K people - While within a 1-mile radius of the site the AHHI exceeds $135K providing a large client base with high discretionary income 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

$1,822,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Novant Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

ID

APN/PARCEL ID

004496-01-022

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.