For Sale
$1,277,000

1308 4Th St Hartsville, SC 29550

6,720 SF retail building, 10.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
135
This 6,720-square-foot retail building in Hartsville, South Carolina, presents a compelling investment opportunity. Located on a 4.02-acre lot at the intersection of US Route 15 and South 4th Street, this single-story, 2003-built property offers excellent visibility and accessibility. Currently vacant, the property benefits from a corporate-guaranteed lease with Fresenius Kidney Care, extending until May 31, 2025, providing immediate income of $134,198 annually. This translates to a strong 10.5% cap rate and a price per square foot of $190.03, significantly below replacement cost. The property's strategic location near major retailers like Walmart and Dollar Tree enhances its appeal for future tenants. The net lease structure minimizes landlord responsibilities, while the investment-grade corporate guarantee from Fresenius Medical Care Holdings, Inc. (BBB- S&P rating) ensures a reliable income stream. This presents a value-add opportunity for investors seeking a secure, income-producing asset with potential for future appreciation and rent increases. The property's current vacancy allows for flexibility in re-leasing or negotiating an early lease termination. This is a rare chance to acquire a well-located, income-generating property with significant upside potential.

Highlights

  • 6,720 SF former dialysis clinic in Hartsville, SC, built in 2003, currently vacant with a lease expiring 05/31/2025.
  • Excellent location at US Route 15 and South 4th Street, near major retailers.
  • Investment-grade corporate guarantee from Fresenius Medical Care Holdings, Inc. (BBB- S&P rating), providing reliable income until 05/31/2025.
  • Offered at $190/SF, below replacement cost, creating a value-add opportunity.
  • Annual rent of $134,198 ($19.97/SF) provides immediate income and potential for future rent increases.

Property Details for 1308 4Th St

Property type
Retail properties, Office properties
Square Feet
6,720 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
175,111 SF
Units
1

Location Insight

City
Hartsville
County
Darlington
State
South Carolina
Latitude
34.354745395013
Longitude
-80.059723100885

FAQs

What type of property is this?
Retail property - 6,720 SF retail building, 10.5% cap rate.
Where is the retail property located?
The property is located at 1308 4Th St Hartsville, SC.
What is the asking price?
The asking price for this property is $1,277,000.
What are key features of this property?
This property features: 6,720 SF former dialysis clinic in Hartsville, SC, built in 2003, currently vacant with a lease expiring 05/31/2025.; Excellent location at US Route 15 and South 4th Street, near major retailers.; Investment-grade corporate guarantee from Fresenius Medical Care Holdings, Inc. (BBB- S&P rating), providing reliable income until 05/31/2025.
How can I contact the broker?
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1308 4Th St
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