Investment Offering
Greenwood, SC - Freedom Plasma
311 Hampton Avenue | Greenwood, SC 29646
$4,882,000
Price8%
Cap Rate$390,543
NOI1999
Year Built11,891
± SF Offering GLA1.48
± AC Land AreaDescription
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate guaranteed Freedom Plasma investment property located in Greenwood, South Carolina. The tenant, BioTek America, LLC, has 11 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Freedom Plasma was developed and is managed by ImmunoTek Bio Centers, LLC, the largest independent plasma collection center operator.
Location
The subject property has excellent visibility, and multiple points of access, at the signalized, hard corner intersection of Hampton Avenue and E. Cambridge Avenue
(combined 33,200 VPD). Hampton Avenue serves as the primary retail thoroughfare for the city of Greenwood, featuring national/credit tenants including Walmart Supercenter, Lowe’s, Publix, Kohl’s, Planet Fitness, Chick-fil-A, and Starbucks, all within 2-miles of the site. The asset receives crossover exposure from the nearby retailers in addition to Lander University, a rapidly growing public university with 4,300+ students within walking distance from Freedom Plasma. Furthermore, the asset is 2-miles from the Self Regional Medical Center, the largest healthcare provider and employer in the city with 2,000+ staff and 358 patient beds. The medical center, as well as the nearby Greenwood Regional Rehabilitation Hospital, serve as pillars in the healthcare sector of Greenwood’s economy. The 5-mile trade area is supported by a population of over 47,300 residents and 26,800 employees with an average household income of $71,161.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739