MEDcare Urgent Care - Pawleys Island, SC 201 BUSINESS CENTER Dr 5,189 SF Office Building Pawleys Island, SC 29585 $1,900,000 ($366.16/SF) 6.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Operated and Owned By Urgent Care Group, a Leading Private Healthcare Provider With 69 Locations Across the Southeastern United States
- Generational Asset: Conveniently Located Off I-17 With a High Traffic Count of 36K VPD, This Property is Situated in an Affluent Area
- With an Average Age of 60 Within a 10-Mile Radius, the Area Demonstrates a Sustained and Growing Demand For Healthcare Services
- Currently Paying $24.47 Per SF, While the Market Average Ranges Between $26 and $30 Per SF
- Recognized as the Premier Urgent Care Provider in Pawleys Island, Boasting an Impressive 4.8 Star Rating From 642 Google Reviews
- Featuring 30 Parking Spaces, Providing Convenient and Easy Accessibility For Patients
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,189 SF MEDcare Urgent Care Located at 201 Business Center Drive in Pawleys Island, SC. This Deal Includes Below-Market Rent Opportunity: Currently Paying $24.47 Per SF, While the Market Average Ranges Between $26 and $30 Per SF, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,189 SF
Building Class
C
Year Built
1998
Price
$1,900,000
Price Per SF
$366.16
Cap Rate
6.68%
NOI
$126,975
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,189 SF
Building FAR
0.12
Lot Size
1.00 AC
Zoning
PD - Professional district
Parking
30 Spaces (5.78 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- MEDcare Urgent Care
- Health Care and Social Assistance
- 5,189 SF
- $24.47
- Triple Net
- Nov 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| MEDcare Urgent Care | Health Care and Social Assistance | 5,189 SF | $24.47 | Triple Net | Nov 2031 |
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PROPERTY TAXES
| Parcel Number | 04-0155-039-00-00 | Improvements Assessment | $22,340 |
| Land Assessment | $18,000 | Total Assessment | $40,340 |
