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Property profile & analytics
OFF-MARKET
Office Spaces

2828 North Ave Anderson, SC 29625

5,900 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 5,900 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Magnolia Veterinary Hospital Veterinary Clinic
  • Long Bobby DVM Veterinary Clinic
  • Dr. Eaves Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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