Doctors Care

793 E Butler Road, Mauldin, SC 29662
$2,007,814

Cap Rate
5.75%
Gross SQFT
4,358
Year Built
2017
Term Remaining
±7.77 Years
Property Type
Healthcare

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