Current Use by Public Records
- Office Spaces
Property Details for 301 Van Lingle Mungo Blvd
- Year built
- 1998
- Lot size
- 2.06 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
Exceptional investment opportunity: a 6,750 square foot medical office building in Pageland, South Carolina, boasting a 7.25% cap rate and a corporate-guaranteed net lease with Carolina Pines Medical Office as the tenant. The property, located at 301 Van Lingle Mungo Blvd, features a 2.06-acre lot with ample parking (42 spaces). Built in 1998 and extensively renovated in 2023, the building includes updated flooring, exam rooms, fresh interior paint, and new signage. The lease, expiring December 30, 2028, includes attractive 3% annual rent increases, providing strong future income growth. The property enjoys a prime location, situated 0.25 miles from a high-traffic intersection (Van Lingle Mungo Blvd & E Watford St) with a combined 23,100 vehicles per day. Its proximity to major employers like CM Tucker Lumber, Walmart Distribution Center, and Central High School, along with numerous retail amenities, ensures strong tenant demand and long-term stability. The building is 100% occupied, generating a Net Operating Income (NOI) of $149,479. Lease options include 2 and 5-year extensions. The asking price is $2,061,779, representing a price per square foot of $305.45. This is a rare opportunity to acquire a high-performing, well-located medical office building with significant upside potential. The property is zoned commercial and offers a single unit.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pageland
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -80.3833
- Latitude
- 34.7772
