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31147507
31147508

1520 American Dr, Florence, SC 29505 For Sale

JS
SC SC 98016
NAI Earle Furman
SJ
SC 15761, SC
NAI Earle Furman
NAI Earle Furman
Listed by NAI Earle Furman
$2,975,000
121 days on market
Updated 3 days ago

1520 American Drive - Proactive MD SC, P.A.

Details
Property Type Mixed Use, Office (+1)
Sub Type Medical Office
Square Footage 9,480
Cap Rate 7.29%
NOI $216,749
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $314
Year Built 2004
Year Renovated 2023
Buildings 1
Stories 1
Acreage 1.000
Zoning B3
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Mixed Use | 7.29% CAP | 9,480 SqFt

Marketing description

Multi-tenant configuration including restaurant & high credit medical office

Ample on-site parking with approximately 50 spaces

Pylon signage opportunity providing strong street presence and tenant exposure

Located within Florence’s primary commercial hub, serving the broader Pee Dee regional market

Strategically positioned near the intersection of Interstate 95 and Interstate 20, providing excellent regional connectivity

Florence continues to experience strong economic growth with major employers in healthcare, manufacturing, and logistics

B3 Commercial zoning allowing for a variety of retail, office, & service uses

More than $1 billion in recent capital investment across commercial, industrial, and institutional projects around Florence in the past 8 years

Corporate Guarantee by Proactive MD SC, P.A.

Landlord Responsibilities: Limited to structural components of the building (including roof and structure), with Tenant responsible for all other operating expenses pursuant to the NNN lease

Investment highlights

Building Area 9,480 SF

Land Acres ±1.01 AC

Year Renovated 2023

Parking ±50 Spaces (±5.27/1,000 SF ratio)

Zoning B3 Commercial (office/retail)

Tenants (2): Proactive MD & El Dos Agaves Mexican Grill

Price $3,100,000

Cap Rate 7.0%

NOI $216,749

Listing Contacts

JS
SC SC 98016
NAI Earle Furman
SJ
SC 15761, SC
NAI Earle Furman
NAI Earle Furman
Listed by NAI Earle Furman

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$216,749.00
$18,062.42/mo

Valuation Metrics

0
DSCR
7.29%
Cap Rate
7.29%
ROI

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Additional Information

Name
John Stathakis
License
SC 98016
Brokerage
NAI Earle Furman
Title
Real Estate Broker
Brokerage Address
101 East Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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