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PDS Health Pad | Lexington, SC 808 US-378 7,000 SF 100% Leased Retail Building Conway, SC 29527 $3,825,000 ($546.43/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied Three-Tenant Pad; Service-Based, Internet-Resistant Tenant Mix: PDS Health, My Pharmacy & Optical, and The Nail Room
- Rents at the Subject Property Were Set in 2019–2020, Before COVID and the Resulting Surge in Construction Costs
- The Nail Room Is on a “Naked” Lease Paying Only $27.40 PSF for a 1,400 SF Endcap Space
- All Tenants Are on Long-Term NNN Leases With Staggered Lease Expirations
- This Presents Meaningful Upside Potential, as Comparable Lease Rates Today Would Be Significantly Higher
- Corporate PDS Health, LLC Lease (1,000+ Locations); Ranks Within the Top 16% of All PDS Health Locations Nationwide (Placer.ai)
EXECUTIVE SUMMARY
100% Occupied 3-Tenant Pad; Service-Based Internet-Resistant Tenants | Hard Corner, Signalized Intersection (27,500 CPD) | High-Growth Columbia Suburb; 136% Population Growth (2000-2023)
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
7,000 SF
Year Built
2019
Price
$3,825,000
Price Per SF
$546.43
Cap Rate
6%
NOI
$229,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.15 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- My Pharmacy & Optimal
- Health Care and Social Assistance
- -
- -
- May 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| My Pharmacy & Optimal | Health Care and Social Assistance | - | - | May 2030 |
NEARBY MAJOR RETAILERS
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PDS Health Pad | Lexington, SC | 808 US-378
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