1933 2Nd Loop Rd Florence, SC 29501

Property Details for 1933 2Nd Loop Rd

Year built

1970

Lot size

3.38 lot acres

Property size

17,174 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Florence

County

Florence

State

South Carolina

Longitude

-79.8016

Latitude

34.172