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