Listed by Marcus & Millichap - Orlando
$1,200,000
Eye Health America | FMV Upon Renewal | NNN Lease
Details
Property Type Office
Sub Type Medical Office
Square Footage 8,398
Net Rentable (SqFt) 8,398
Units 1
Cap Rate 8.08%
NOI $96,960
Occupancy 100%
Tenancy Single
Brand/Tenant Eye Health America
Lease Type NNN
Lease Term 5
Lease Expiration 02/27/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options (3) Five Year Options @ FMV
Price per SqFt $143
Broker Co-Op Yes
Year Built 1999
Year Renovated 2024
Buildings 1
Acreage 1.150
Investment Type Net Lease
Lease Commencement 02/28/2025
8.08% CAP | Hartsville, SC
Marketing description
Single Tenant Medical Office
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
Listing Contacts
Listed by Marcus & Millichap - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,960.00
$8,080.00/mo
Valuation Metrics
0
DSCR
8.08%
Cap Rate
8.08%
ROI
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