Current Use by Public Records
- Freedom Plasma / Medical Clinic
Property Details for 236 Pike
- Year built
- 2019
- Lot size
- 1.57 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple interest (land and building) in a 12,100-square-foot, single-tenant storefront located at 236 S Pike W, Sumter, SC 29150. The property, built in 2019, boasts a 100% occupancy rate with a 15-year NNN lease (commencing June 1, 2019, and expiring June 1, 2034), leaving approximately 9.5 years remaining. The lease includes four 5-year renewal options, with scheduled 10% rental increases in year 11 and at the start of each option period. The tenant, Biotek America, LLC (dba Freedom Plasma), is backed by a corporate guarantee from Grifols Shared Services North America, Inc., minimizing landlord responsibilities and offering a low-management investment. The property sits on a 1.57-acre lot with 66 parking spaces and benefits from a prime location along US Highway 378, experiencing high daily traffic volume (13,900 vehicles) and proximity to US Highway 521 (28,800 VPD). Its strategic placement within a dense retail area, near major shopping centers like Wesmark Plaza and Sumter Mall, and surrounded by strong national credit tenants (ALDI, Walmart, Lowe's, etc.), ensures high visibility and strong tenant synergy. The property also enjoys a substantial residential consumer base, supported by nearby multi-family complexes and a 5-mile trade area encompassing over 57,000 residents and 32,300 daytime employees, with an average household income of $87,198. The asking price is $5,608,000, representing a 7.25% cap rate and a current NOI of $406,608. The property is zoned CBD.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sumter
- County
- Sumter
- State
- South Carolina
- Longitude
- -80.3508
- Latitude
- 33.946
