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    311 Hampton Ave Greenwood, SC 29646

    Sponsored
    For Sale
    $5,462,000

    Corporate-guaranteed medical storefront, high NOI.

    Property size:
    11,891 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 11,891 square foot, single-tenant storefront located at 311 Hampton Ave, Greenwood, SC 29646. The property, built in 1999 and extensively renovated in 2021 ($3.55M renovation), boasts a 100% occupancy rate with a 15-year NNN lease (with four 5-year options) to BioTek America, LLC, a subsidiary of ImmunoTek Bio Centers, LLC, the largest independent plasma collection center operator. The lease includes scheduled 10% rental increases in year 11 and at the start of each option period, ensuring consistent NOI growth and inflation hedging. The property features 63 parking spaces and sits on a 1.48-acre lot, zoned GC. Its prime location at a signalized intersection (Hampton Ave and E. Cambridge Ave, 33,200 VPD) provides excellent visibility and accessibility. The surrounding area includes a dense retail corridor with national tenants like Walmart, Lowe's, and Publix, as well as Lander University (4,300+ students) and Self Regional Medical Center (2,000+ staff). The 5-mile trade area boasts a population exceeding 47,300 residents and 26,800 employees, with an average household income of $71,161. The property offers a strong 7.15% cap rate and a current NOI of $390,543, making it an ideal low-management investment with limited landlord responsibilities. The asking price is $5,462,000. APN: 6846-770-129.

    Property Features for 311 Hampton Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,891 SF
    Lot Size
    64,469 SF

    Building Details

    Year Built/Renovated
    1999/2021
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 11‑year lease term remaining with extension options and scheduled rent increases; corporate guarantee.
    • Triple Net (NNN) lease; fee simple ownership with minimal landlord responsibilities.
    • Excellent location near Self Regional Medical Center, in a dense retail corridor, serving a direct consumer base including Lander University (4,300+ students).
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    April L. Scott, ... Pharmacy CDReload - Online Bitcoin ... Crypto Atm higi Health Consultant Megan Arthur Pharmacy Grifols Freedom Plasma ... Blood Donation Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1652019
    Latitude
    34.1951212

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    FAQs

    What type of property is this?
    Individual retail property - Corporate-guaranteed medical storefront, high NOI.
    Where is this individual retail property located?
    The property is located at 311 Hampton Ave Greenwood, SC.
    What is the asking price?
    The asking price for this property is $5,462,000.
    What are key features of this property?
    This property features: 11-year lease term remaining with extension options and scheduled rent increases; corporate guarantee.; Triple Net (NNN) lease; fee simple ownership with minimal landlord responsibilities.; Excellent location near Self Regional Medical Center, in a dense retail corridor, serving a direct consumer base including Lander University (4,300+ students).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Hampton Ave Greenwood, SC 29646
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