321 Bacon St Edgefield, SC 29824

Listing agency j***@shermanandhemstreet.com Show Phone

Listed by Joe Edge, SIOR, CCIM Show Phone

Source Shermanandhemstreet

Added: Jun 24 Updated: Jul 22 at 5:10AM Checked: Jul 22 at 5:10AM

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Investment Insights

Based on property information with market context.

This medical office investment property features a 2,035 SF brick building updated in 2021 by the current tenant. The space is built out as an optometrists office with an attached retail component.

The property is leased to Elevate Eye Care, which operates in multiple locations across 8 states. The current renewal term includes 5 years left, and the initial five-year lease was recently renewed for an additional 5 years with 3% annual increases in the base rental rate.

The building’s improvements and existing optometry/retail configuration make it well-suited for an in-place medical office use aligned with the current tenant’s operations.

Key Highlights

• Medical office investment with 5 years remaining on the renewal term
• Tenant lease renewed for an additional 5 years with 3% annual bumps in base rental rate
• Tenant is Elevate Eye Care, operating multiple locations across 8 states

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FAQs

What type of property is this?

Medical Office Space - A 2,035 SF brick building updated in 2021 and built out as an optometrist office with retail component.

Where is this medical office space located?

The property is located at 321 Bacon St Edgefield, SC.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Medical office investment with 5 years remaining on the renewal term; Tenant lease renewed for an additional 5 years with 3% annual bumps in base rental rate; Tenant is Elevate Eye Care, operating multiple locations across 8 states