For Sale
$2,087,000

975 By Pass 123 Seneca, SC 29678

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 3,289 square foot medical office building in Seneca, South Carolina, currently leased to AFC Urgent Care under a 10-year absolute NNN lease commencing December 24, 2023, and expiring December 31, 2033. The property boasts a strong 5.75% cap rate and a Net Operating Income (NOI) of $120,000. The lease includes annual rent bumps, ensuring consistent income growth. Situated on a 0.66-acre lot at 975 By Pass 123, Seneca, SC 29678, this high-visibility location benefits from exceptional daily traffic counts exceeding 31,000 vehicles on US Route 123, and an additional 50,900 vehicles daily at the nearby intersection of US Route 123 and State Route 28. The property enjoys proximity to major national retailers including Walmart, Lowe's, and numerous others, further enhancing its visibility and desirability. Its strategic location is also less than one mile from Prisma Health Oconee Memorial Hospital and less than eight miles from Clemson University, providing a substantial and stable patient base for the tenant. The building underwent renovations in 2024. This is a passive, long-term investment opportunity with a proven tenant in a high-traffic area. This offering is suitable for a 1031 exchange.

Highlights

  • 3,289 SF medical office building in Seneca, SC, leased to AFC Urgent Care.
  • 10-year absolute NNN lease commencing December 24, 2023, expiring December 31, 2033, with annual rent increases.
  • 5.75% cap rate and $120,000 NOI.
  • High-visibility location on US Route 123, with over 31,000 vehicles per day passing the site and 50,900 vehicles daily at a nearby intersection.
  • Strong tenant base due to proximity to Prisma Health Oconee Memorial Hospital and Clemson University.

Property Details for 975 By Pass 123

Property type
Office properties, Medical offices
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
34.69435148646
Longitude
-82.972687215215

FAQs

What type of property is this?
Office property - High-yield NNN lease, strong tenant.
Where is the office 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 $2,087,000.
What are key features of this property?
This property features: 3,289 SF medical office building in Seneca, SC, leased to AFC Urgent Care.; 10-year absolute NNN lease commencing December 24, 2023, expiring December 31, 2033, with annual rent increases.; 5.75% cap rate and $120,000 NOI.
How can I contact the broker?
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975 By Pass 123
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