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200 Rich Lex Dr Lexington, SC 29072

For Sale
$2,333,333

17,500 SF industrial building on 5.5 acres for sale.

Property size:
17,500 SF
Lot size:
1.98 Acres

Property Features for 200 Rich Lex Dr

General Information

Size
17,500 SF
Lot size
1.98 Acres

Source: Trinity Partners | Columbia Agent Nick Stomski, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Building on 5.5 Acres

This is a 17,500 square foot industrial building constructed in 1985. It is situated on approximately 5.5 acres and zoned for Intensive Development (ID). The property includes 35 parking spaces, with additional overflow parking available on site. The property is 100% heated and cooled. The base rent or net operating income is $140,000 for the first year. The lease type is NNN with a base lease term of 7 years, commencing in November 2024 and expiring in November 2031. There are two 5-year renewal options available. Rent increases are set at 3.5% annually. The purchase cap rate is 6%, with an average cap rate of 6.6%.
Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Storage Sense - Lexington, Master Vault, Shred With Us

Location Insight

  • Map
  • Local Demand
City
Lexington
County
Lexington
State
South Carolina
Longitude
-81.1394128
Latitude
34.0203245

FAQs

What type of property is this?
Warehouse - 17,500 SF industrial building on 5.5 acres for sale.
Where is this warehouse located?
The property is located at 200 Rich Lex Dr Lexington, SC.
What is the asking price?
The asking price for this property is $2,333,333.
What are key features of this property?
This property features: - Stable Income Stream: $140,000 Net Operating Income (NOI) in Year 1 with a NNN lease structure.; - Significant Land Parcel: Situated on a large ±5.5 acre site.; - Long-Term Lease: 7-year base lease term with commencement in November 2024 and expiration in November 2031.
More about this property
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