Single-Tenant Office Medical
Eye Health America | NNN Lease | Low Rent/SF
504 S Fourth St, Hartsville, SC 29550
Listing Price: $1,250,000
Cap Rate
7.76%
Tenant Name
Eye Health America, LLC
Years Remaining On Lease
4.3
Guarantor
No Guarantee
Rentable SF
8,398
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.90
Investment Overview
Single Tenant NNN Medical
Eye Health America | NNN Lease | Low Rent/SF
Investment Highlights
- ? Longstanding Eye Care Practice in Hartsville, SC ? Over 50 years of continuous operation for practice
- ? Historical Occupancy at Location ? Practice has been operating out of this site for 25 years
- ? Passive Net Lease Ownership for Landlord ? Tenant handles operation of property directly
- ? Below Market Rental Rate ? Current rent/sf is $11.43. ? Lease calls for FMV adjustment for renewal options
- ? Recent Renovations Completed ? Roof replaced in 2018 ? Floors replaced in 2020 ? Exam rooms renovated in 2024
- ? Recent Acquisition for Eye Health America ? PeeDee Eye Associates Acquired by Eye Health America in 2020 ? LLR Partners has raised over $5 billion across six funds
- ? Proximity to 116 Bed Regional Hospital ? 3.6 Miles to Carolina Pines Regional Medical Center
Single-Tenant Office Medical
Eye Health America | NNN Lease | Low Rent/SF
Listing Price: $1,250,000
Cap Rate
7.76%
Tenant Name
Eye Health America, LLC
Years Remaining On Lease
4.3
Guarantor
No Guarantee
Rentable SF
8,398
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.90
Investment Highlights
- ? Longstanding Eye Care Practice in Hartsville, SC ? Over 50 years of continuous operation for practice
- ? Historical Occupancy at Location ? Practice has been operating out of this site for 25 years
- ? Passive Net Lease Ownership for Landlord ? Tenant handles operation of property directly
- ? Below Market Rental Rate ? Current rent/sf is $11.43. ? Lease calls for FMV adjustment for renewal options
- ? Recent Renovations Completed ? Roof replaced in 2018 ? Floors replaced in 2020 ? Exam rooms renovated in 2024
- ? Recent Acquisition for Eye Health America ? PeeDee Eye Associates Acquired by Eye Health America in 2020 ? LLR Partners has raised over $5 billion across six funds
- ? Proximity to 116 Bed Regional Hospital ? 3.6 Miles to Carolina Pines Regional Medical Center
Investment Overview
Single Tenant NNN Medical
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