NNN Leased Plasma Investment
For Sale
Contact for pricing
Pending
1933 2nd Loop Rd, Florence, SC 29501
NNN leased investment property in Florence, South Carolina.
Property Size17,174 SF
Days on Market169
Property Features for 1933 2nd Loop Rd
General Information
Standard status
Pending
Size
17,174 SF
Total Parking Spaces
171
Property subtype
Retail
Zoning
AC
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$286,440
Building Details
Year Built
1970
Year Renovated
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Atlanta
(404) 231-2232
Listed By:
Michael Berk · License #GA 385824
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 10 at 11:22AM
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 SRS Real Estate Partners Atlanta
Investment Insights
Based on property information with market context.
This NNN leased investment property is located in Florence, SC. The property is leased to LFB American Plasma, LLC (dba LFB Plasma), with 6+ years of term remaining and an additional 4 (5-year) option periods. The lease includes a 10% increase in year 11 and at the beginning of each option period. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities. The property is located along 2nd Loop Road with visibility and access to 30,900 vehicles per day. It also benefits from nearby access onto U.S. Highway 76 (24,200 VPD), Interstate 95 (60,900 VPD), and Interstate 20 (30,900 VPD). The property is situated within a dense retail trade area and is near shopping centers including Southpark Center (69K+ SF), Southside Commons (240K+ SF), and Magnolia Mall (601K+ SF). Surrounding tenants include Food Lion, CVS Pharmacy, Walmart, Lowe’s, Sam’s Club, Home Depot, Kohl’s, and Target. The property is near single-family communities and multi-family complexes including Four Oaks (80 units), Landmark Woods (104 units), and Sedgefield (272 units). The 5-mile trade area is supported by over 76,300 residents and 51,900 daytime employees, with an average annual household income of $88,566. The property size is 17174 square feet.
Key Highlights
- NNN lease with corporate signature, providing a low‑management, passive investment opportunity.
- Tenant has 6+ years of initial term remaining with 4 (5‑year) option periods, ensuring long‑term income potential.
- Lease includes 10% rent increases in year 11 and at the beginning of each option period.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,070
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,461,400
$2.5M
Cap Rate 7%
$1,758,143
$1.8M
Cap Rate 9%
$1,367,444
$1.4M
Market Conditions
NOI Build-Up for 17,174 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$195.8K $11.40/SF
− Vacancy
−$20.0K −$1.16/SF
EGI
$175.8K $10.24/SF
− OpEx
−$52.7K −$3.07/SF
NOI
$123.1K $7.17/SF
Area
Florence County, SC
Vacancy
10.20%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,461,400
Cap Rate 7%
$1,758,143
Cap Rate 9%
$1,367,444
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,070 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,236 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 37%
Shops & Services 22%
Bojangles' Famous Chicken 'n Biscuits
Dining
21,250 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
19,179 visits/mo
0.3 miles
Shell
Shops & Services
7,191 visits/mo
0.4 miles
BP
Shops & Services
3,893 visits/mo
0.5 miles
Demographics for 29501, SC
46,528
Population
20,713
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,618
Median Household Income
$46,246
Median Earnings
$995
Median Rent
$220,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN leased investment property in Florence, South Carolina.
Where is this nnn property located?
The property is located at 1933 2nd Loop Rd Florence, SC.
What is the asking price?
The asking price for this property is $3,370,000.
What are key features of this property?
This property features: NNN lease with corporate signature, providing a low‑management, passive investment opportunity.; Tenant has 6+ years of initial term remaining with 4 (5‑year) option periods, ensuring long‑term income potential.; Lease includes 10% rent increases in year 11 and at the beginning of each option period.
