For Sale
$2,093,000

975 By Pass 123 Seneca, SC 29678

NNN Lease, High-Visibility Location, Strong Tenants

Overview

Added:
Feb 13
Days on market:
71
This exceptional investment opportunity presents a 3,289 square foot medical office complex in Seneca, South Carolina, boasting a prime location on US Route 123, a major retail thoroughfare with high daily traffic volume. The property is situated near a four-way intersection with State Route 28, further enhancing visibility and accessibility. The building is currently 100% occupied by a diverse mix of strong national tenants including Fresenius Kidney Care, Aspen Dental, Heartland Dental, and AFC Urgent Care, under a new 10-year absolute NNN lease commencing December 24, 2023, and expiring December 31, 2033. The lease features attractive 2% annual rent increases, providing a stable and predictable income stream. The property's strategic location benefits from proximity to major retailers such as Walmart, Lowe's, and numerous other national brands, as well as Prisma Health Oconee Memorial Hospital and Clemson University. The 0.66-acre lot offers ample space, and the building underwent renovations in 2024. With a current NOI of $122,400 and an asking price of $2,093,000, this property offers a compelling 5.85% cap rate. This is a rare opportunity to acquire a high-quality, passively managed investment with significant long-term growth potential. The property is offered as an absolute NNN lease, minimizing landlord responsibilities. This is a 1031 exchange eligible property.

Highlights

  • $2,093,000 asking price for a 3,289 SF net-leased medical office building in Seneca, SC.
  • 100% occupancy with a strong tenant lineup including Fresenius Kidney Care, Aspen Dental, Heartland Dental, and AFC Urgent Care.
  • Absolute NNN lease with a 10-year term commencing December 24, 2023, and a 5.85% cap rate.
  • $122,400 annual NOI with 2% annual rent bumps.
  • High-visibility location on US Route 123, near major retailers and Prisma Health Oconee Memorial Hospital. The property is also near Clemson University and the Oconee Nuclear Station.
  • Suitable for a 1031 exchange.

Property Details for 975 By Pass 123

Property type
Retail properties, Office properties
Square Feet
3,289 SF
Year Renovated
2024
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Seneca
County
Oconee
State
South Carolina
Latitude
34.6941078
Longitude
-82.9723633

FAQs

What type of property is this?
Retail property - NNN Lease, High-Visibility Location, Strong Tenants
Where is the retail property located?
The property is located at 975 By Pass 123 Seneca, SC.
What is the asking price?
The asking price for this property is $2,093,000.
What are key features of this property?
This property features: $2,093,000 asking price for a 3,289 SF net-leased medical office building in Seneca, SC.; 100% occupancy with a strong tenant lineup including Fresenius Kidney Care, Aspen Dental, Heartland Dental, and AFC Urgent Care.; Absolute NNN lease with a 10-year term commencing December 24, 2023, and a 5.85% cap rate.
How can I contact the broker?
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975 By Pass 123
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