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 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
HighLights
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.
High‑traffic retail area anchored by major shopping centers and Regency Hospital - Florence.
Excellent visibility and accessibility on heavily trafficked 2nd Loop Road.
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.
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1933 2Nd Loop Rd Florence, SC 29501
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1933 2Nd Loop Rd Florence, SC 29501
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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
1933 2Nd Loop Rd Florence, SC 29501
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1933 2Nd Loop Rd, Florence, SC
Michael Berk
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1933 2Nd Loop Rd, Florence, SC
Michael Berk
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1933 2Nd Loop Rd, Florence, SC
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1933 2Nd Loop Rd, Florence, SC
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1933 2Nd Loop Rd, Florence, SC
Michael Berk
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