2828 North Ave Anderson, SC 29625
- Office Properties & Spaces
- 5,900 SF
Current Use by Public Records
- Magnolia Veterinary Hospital / Veterinarian / Animal Hospital
- Long Bobby DVM / Veterinarian
- Dr. Eaves / Veterinarian
Property Details for 2828 North Ave
- Property size
- 5,900 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 5,900 square foot, single-tenant medical office building located at 2828 E North Ave, Anderson, SC 29625. The property, a Class C building constructed in 2005 and expanded in 2019, boasts 100% occupancy with a strong, stabilized tenant: Magnolia Veterinary Hospital. This general wellness and emergency care practice, comprised of 11 veterinarians, enjoys above-average revenue and benefits from extended hours. The 2019 expansion added 2,000 square feet, significantly enhancing the building, HVAC system, and parking lot. The property is offered fee simple with a Net Net (NN) lease featuring a corporate guarantee from Encore Vet Group, a national pet healthcare group with over 60 locations. The lease includes scheduled annual rent increases of 4.0%, providing predictable income growth. The asking price is $3,300,000, translating to $559.32 per square foot. This is a rare opportunity to acquire a high-performing medical office building with a secure, long-term lease and significant upside potential. The property's location in Anderson County, South Carolina, offers convenient access to a thriving community. The building's recent improvements and strong tenant occupancy make this an attractive investment for discerning buyers seeking stable, high-return properties in the healthcare sector.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.7994
- Latitude
- 34.5839
