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1933 2Nd Loop Rd Florence, SC 29501

Sponsored
For Sale
$4,092,000

Corporate-leased medical building, high NOI.

Property size:
17,174 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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.
Property Profile Location Intelligence

Current Use by Public Records

ImmunoTek Bio Centers Blood Donation Center LFB Plasma Blood Donation Center

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Florence
County
Florence
State
South Carolina
Longitude
-79.8015755
Latitude
34.1720428

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.
More about this property
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