AnMed Urgent Care 801 N Fant St 7,020 SF Retail Building Anderson, SC 29621 $4,190,000 ($596.87/SF) 6% Cap Rate

-??2% Broker Buyside Co-op Fee
-?Very Rare On-Campus Hospital Leased Investment Opportunity - On-campus properties are usually owned by health systems or large institutional investors, however, this listing offers the rare opportunity to acquire a specialized on-campus single-tenant hospital leased medical office building. AnMed Urgent Care (a subsidiary of the AA- credit rated AnMed) is located on the campus of the flagship 461-bed AnMed Medical Center in Anderson, South Carolina.
??-Significant Pro Forma Upside & Irreplaceable/Strategic Location - The current lease has ~5 years of firm term remaining (expires 3/6/2031) and then the tenant has 1-15 year option at market rent. The property's current rent of $35.81/SF NNN, is well below the recent market average for comparable highly specialized urgent care facilities (~$55/SF NNN).
?-Highly Specialized Facility | Priced Well Below Replacement Cost - Built in 2014 (Class A construction) and AAAHC-accredited, the subject property is a highly specialized purpose-built facility. The property's pricing at $597/SF, is additionally well below the recent market average for comparable specialized urgent care facilities ($850/SF).
?-Rapidly Growing & Attractive Market - This property is situated in the rapidly growing Upstate Region of South Carolina, in the geographical center of the Charlanta Megaregion (~22M population & ~$1T of annual economic output). The building is additionally located in an extremely attractive healthcare submarket, which features 100% medical office building occupancy within a 3 mile radius (724K total MOB SF).