Listing Details
Oswald Cooke & Associates is pleased to offer a single-tenant medical office property for sale in the Greenville, SC MSA. The building is leased and backed by Prisma Health, doing business as Acadia Allergy and Immunology. In 2021, the tenant extended the term for an additional 10 years, with 2% annual escalators. The lease calls for limited landlord responsibilities and has (2) 5-Year renewal options with the same terms and escalations. The property is located in a professional medical park in a geographically central location in the Greenville market. The office is located just off of Woodruff Road, the primary retail corridor in the upstate market. Prisma Healthcare offers multiple hospital campuses in the Greenville area, and all three locations lie within ten miles of the facility. Other national retailers in the area include Target, Costco, Home Depot, Old Navy, Best Buy, Lowes, Belk, JC Penny, Dillard's, Macys, and many others. The site also sits across the Hollingsworth Verdae Development, an 1100-acre mixed use project with multiple neighborhoods, shopping and retail amenities.
PRICE : $2,331,385
CAP RATE: 6.5%
NOI: $151,540
LEASE EXPIRATION: 5/31/2031
LEASE TYPE: NN-Lease
LANDLORD RESPONSIBILTIES: Roof and Structure
RENTAL INCREASES: 2% Annual Increases
RENEWAL OPTIONS: (2) 5-Year Options
BUILDING SIZE: 7,895 SF
LOT SIZE: 0.92 Acres
YEAR BUILT: 2011
GUARANTOR: Prisma Health
MUNICIPALITY: City of Greenville
ZONING: Business General
TMS: 0259000100321
Property Photos
