For Sale
$5,462,000

311 Hampton Ave Greenwood, SC 29646

Corporate-guaranteed medical storefront, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 11,891 square foot, single-tenant storefront located at 311 Hampton Ave, Greenwood, SC 29646. The property, built in 1999 and extensively renovated in 2021 ($3.55M renovation), boasts a 100% occupancy rate with a 15-year NNN lease (with four 5-year options) to BioTek America, LLC, a subsidiary of ImmunoTek Bio Centers, LLC, the largest independent plasma collection center operator. The lease includes scheduled 10% rental increases in year 11 and at the start of each option period, ensuring consistent NOI growth and inflation hedging. The property features 63 parking spaces and sits on a 1.48-acre lot, zoned GC. Its prime location at a signalized intersection (Hampton Ave and E. Cambridge Ave, 33,200 VPD) provides excellent visibility and accessibility. The surrounding area includes a dense retail corridor with national tenants like Walmart, Lowe's, and Publix, as well as Lander University (4,300+ students) and Self Regional Medical Center (2,000+ staff). The 5-mile trade area boasts a population exceeding 47,300 residents and 26,800 employees, with an average household income of $71,161. The property offers a strong 7.15% cap rate and a current NOI of $390,543, making it an ideal low-management investment with limited landlord responsibilities. The asking price is $5,462,000. APN: 6846-770-129.

Highlights

  • 11-year lease term remaining with extension options and scheduled rent increases; corporate guarantee.
  • Triple Net (NNN) lease; fee simple ownership with minimal landlord responsibilities.
  • Excellent location near Self Regional Medical Center, in a dense retail corridor, serving a direct consumer base including Lander University (4,300+ students).
  • Strong demographics within a 5-mile radius.

Property Details for 311 Hampton Ave

Property type
Retail properties, Retail space
Square Feet
11,891 SF
Year Built/Renovated
1999/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
64,469 SF
Units
1

Location Insight

City
Greenwood
County
Greenwood
State
South Carolina
Latitude
34.1951212
Longitude
-82.1652019

FAQs

What type of property is this?
Retail property - Corporate-guaranteed medical storefront, high NOI.
Where is the retail property located?
The property is located at 311 Hampton Ave Greenwood, SC.
What is the asking price?
The asking price for this property is $5,462,000.
What are key features of this property?
This property features: 11-year lease term remaining with extension options and scheduled rent increases; corporate guarantee.; Triple Net (NNN) lease; fee simple ownership with minimal landlord responsibilities.; Excellent location near Self Regional Medical Center, in a dense retail corridor, serving a direct consumer base including Lander University (4,300+ students).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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311 Hampton Ave
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