1933 2Nd Loop Rd Florence, SC 29501
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Corporate-leased medical building, high NOI.
Property size:
17,174 SFProperty Features for 1933 2Nd Loop Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 17,174 SF
- Lot Size
- 147,233 SF
Building Details
- Year Built/Renovated
- 1970/2017
- Buildings
- 1
Listing Agency: SRS Real Estate Partners Atlanta Listing Agent: Michael Berk
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple interest (land and building) in a 17,174 square foot, NNN-leased medical storefront located at 1933 2nd Loop Rd, Florence, SC 29501. The property, built in 1970 and renovated in 2017, sits on a 3.38-acre lot and boasts 171 parking spaces. Currently 100% occupied by LFB Plasma, a corporate-guaranteed tenant, under a lease with 8+ years remaining until 11/30/2032, with four 5-year renewal options. The lease features a 10% rent increase in year 11 and at the start of each option period, providing built-in rent growth and inflation protection. The property's strong NOI of $286,440 yields a 7.00% cap rate on the asking price of $4,092,000. Its strategic location along 2nd Loop Road offers excellent visibility and accessibility, benefiting from high daily traffic counts and proximity to major highways (US 76, I-95, I-20). The property is situated within a thriving retail area, near significant shopping centers such as Southpark Center, Southside Commons, and Magnolia Mall, and is surrounded by strong national retailers including Food Lion, CVS, Walmart, Lowe's, Sam's Club, Home Depot, Kohl's, and Target. Furthermore, the property benefits from a substantial residential population within a 5-mile radius, including numerous single-family and multi-family communities. The permitted zoning is AC. This low-management investment offers significant long-term value and passive income potential.
Property Profile
Location Intelligence
Current Use by Public Records
ImmunoTek Bio Centers
Medical Clinic
LFB Plasma
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.8015755
- Latitude
- 34.1720428
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FAQs
What type of property is this?
Individual retail property - Corporate-leased medical building, high NOI.
Where is this individual retail 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 $4,092,000.
What are key features of this property?
This property features: 8+ Years Remaining on Corporate Lease with Scheduled Rent Increases.; Fee Simple Ownership with NNN Lease, minimizing landlord responsibilities.; Strong demographics and direct residential consumer base within a 5-mile radius.
