Cap Rate
5.75%
Gross SQFT
4,358
Year Built
2017
Term Remaining
±7.77 Years
Property Type
Healthcare
LEAD LISTING AGENT
Email
[email protected]
License No.
371102 (TN)
Direct
(864) 938-7355
Mobile
(704) 621-3371
INVESTMENT HIGHLIGHTS
- Mauldin, SC – An affluent and highly sought after submarket of Greenville, SC.
- Strong Population & Household Income Demographics – The 2-mile population is over 30,000 residents and the average household income is $108,135.
- Population Growth – The surrounding 2-mile population is expected to grow 2.1% by 2029.
- East Butler Road – Home to many national retailers and sees ±16,900 vehicles per day.
- Neighboring Retail Development – Recently constructed Circle K, Pinnacle Bank, Waffle House, and Hipburger neighbor the site.
- Signalized Hard Corner – Property is located on a hard corner with traffic signal and light access.
- Proximity to I-385 – Site is within a quarter mile of the I-385 & Butler Road intersection. I-385 sees over ±74,900 vehicles per day.
- Surrounding Communities – Arbors at Brookfield, Crescentwood Village, and Bell Brookfield totaling to over 1,100 units all directly neighboring the site.
- Absolute Triple Net Lease – Zero landlord responsibilities.
- Long Term Lease – Over 7.5 years remain on the current lease term with three, 5-year renewal options.
- Rental Increases – 10% rent increases every five years throughout the base term and renewal options.
- Corporate Lease Guarantee – Doctors Care Urgent Care lease is guaranteed by Novant Health with over 40,000 employees spanning across 19 hospitals, 900+ outpatient clinics, and 750+ physician clinics throughout North and South Carolina.
- All Brick Building – ±4,358 SF brick/stone construction facility that is situated on a ±0.70 AC parcel.
Broker of Record
- Kyle Matthews
- License No. 22684 (SC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203