Single-Tenant NNN Office
For Sale
Contact for pricing
160 Oak Dr, Lexington, SC 29073
Corporate headquarters leased under an NNN structure with scheduled annual escalations and renewal options.
Property Size14,888 SF
Lot Size0.69 Acres
Days on Market143
Property Features for 160 Oak Dr
General Information
Standard status
Active
Size
14,888 SF
Total Parking Spaces
25
Lot size
0.69 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
14,888 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Victor Sozio · License #NY 10301211469
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ariel Property Advisors
Investment Insights
Based on property information with market context.
The property is a 14,888-square-foot office building situated on an approximate 30,000-square-foot lot. It is occupied by PAY-O-MATIC for use as its Corporate Headquarters and includes approximately 25 parking spots. The tenancy is backed by a corporate guarantee and is structured as NNN.
A new five-year lease provides 3% annual escalations, along with two 30-month renewal options representing 5 years total. The property is positioned just off Jericho Turnpike (NY Route 25), with access to Long Island Expressway (I-495) and the Northern State Parkway. The surrounding business district includes Home Depot, Whole Foods, Marshalls, FedEx, a Tesla Service center, and Syosset Hospital within the Northwell Health System.
A new five-year lease provides 3% annual escalations, along with two 30-month renewal options representing 5 years total. The property is positioned just off Jericho Turnpike (NY Route 25), with access to Long Island Expressway (I-495) and the Northern State Parkway. The surrounding business district includes Home Depot, Whole Foods, Marshalls, FedEx, a Tesla Service center, and Syosset Hospital within the Northwell Health System.
Key Highlights
- 14,888‑square‑foot office building on an approximate 30,000‑square‑foot lot
- Single‑tenant NNN occupancy with a corporate guarantee to PAY‑O‑MATIC
- New five‑year lease includes 3% annual escalations
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate headquarters leased under an NNN structure with scheduled annual escalations and renewal options.
Where is this nnn property located?
The property is located at 160 Oak Dr Lexington, SC.
What are key features of this property?
This property features: 14,888‑square‑foot office building on an approximate 30,000‑square‑foot lot; Single‑tenant NNN occupancy with a corporate guarantee to PAY‑O‑MATIC; New five‑year lease includes 3% annual escalations
