Single-Tenant Office Medical
Prisma Health | Recent Extension & Clinic Expansion
426 Memorial Dr Ext, Greer, SC 29651
Listing Price: $2,483,000
Cap Rate
7.50%
Tenant Name
Prisma Health
Years Remaining On Lease
4.1
Guarantor
No Guarantee
Rentable SF
10,251
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.16
Investment Overview
Single Tenant Net Lease Medical
Prisma Health | Recent Extension & Clinic Expansion
Investment Highlights
- • Strong Demographics Located within Greenville MSA ? Projected 6% Population Growth Over Next Five Years ? 288,000+ People within a Ten-Mile Radius from Subject Property
- • Landlord Friendly Lease Structure ? Triple Net Lease Provides Ownership with Passive Investment
- • 40+ Year Historical Occupancy with Strong Number of Providers ? Four Physicians, One Nurse Practitioner
- • Recent Four-Year Lease Extension Showing Commitment to Site ? Extension Allowed Prisma Health to Expand Footprint in Building to 100%
- • Annual Rental Increases Provides Hedge Against Inflation ? 2% Annual Rental Increase Scheduled Through May 2026 ? 2.5% Annual Rental Increase Through Remainder of Term
- • Ideal Location 3.1 Miles from Prisma Health Greer Memorial Hospital ? 82 Acute Care Beds with 490 Team Members
- • Prisma Health is the Largest Hospital System in South Carolina ? 19 Hospitals | 2,827 Licensed beds | 433 Practice Locations
Single-Tenant Office Medical
Prisma Health | Recent Extension & Clinic Expansion
Listing Price: $2,483,000
Cap Rate
7.50%
Tenant Name
Prisma Health
Years Remaining On Lease
4.1
Guarantor
No Guarantee
Rentable SF
10,251
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.16
Investment Highlights
- • Strong Demographics Located within Greenville MSA ? Projected 6% Population Growth Over Next Five Years ? 288,000+ People within a Ten-Mile Radius from Subject Property
- • Landlord Friendly Lease Structure ? Triple Net Lease Provides Ownership with Passive Investment
- • 40+ Year Historical Occupancy with Strong Number of Providers ? Four Physicians, One Nurse Practitioner
- • Recent Four-Year Lease Extension Showing Commitment to Site ? Extension Allowed Prisma Health to Expand Footprint in Building to 100%
- • Annual Rental Increases Provides Hedge Against Inflation ? 2% Annual Rental Increase Scheduled Through May 2026 ? 2.5% Annual Rental Increase Through Remainder of Term
- • Ideal Location 3.1 Miles from Prisma Health Greer Memorial Hospital ? 82 Acute Care Beds with 490 Team Members
- • Prisma Health is the Largest Hospital System in South Carolina ? 19 Hospitals | 2,827 Licensed beds | 433 Practice Locations
Investment Overview
Single Tenant Net Lease Medical
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