Log In/Sign Up
Your email has been sent.
LFB Plasma | NNN Lsed | 8+ Yrs Remaining 1923-1945 2nd Loop Rd 28,879 SF 100% Leased Retail Building Florence, SC 29501 $3,370,000 ($116.69/SF) 8.50% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
- Located Along 2nd Loop Road | Centralized Location | Excellent Visibility & Access
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Dense Retail Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Regency Hospital - Florence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, LFB Plasma investment property located in Florence, SC. The tenant LFB American Plasma, LLC (dba LFB Plasma) has 6+ years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features a 10% increase in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
28,879 SF
Building Class
B
Year Built
1970
Price
$3,370,000
Price Per SF
$116.69
Cap Rate
8.50%
NOI
$286,440
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.28 AC
Zoning
B1
Parking
175 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 90029-01-014 | Improvements Assessment | $75,934 |
| Land Assessment | $6,900 | Total Assessment | $82,834 |
Property Taxes
Parcel Number
90029-01-014
Land Assessment
$6,900
Improvements Assessment
$75,934
Total Assessment
$82,834
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
LFB Plasma | NNN Lsed | 8+ Yrs Remaining | 1923-1945 2nd Loop Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.