Palmetto Medical Center
NNN Leases | Health Campus Proximity | 3% Increases
Marketing description
This investment opportunity features a ±18,000 SF medical office building, located less than 1-mile from the new hospital campus development for The Medical University of South Carolina (MUSC Health). That transformative health campus will include a 150,000 SF full-service hospital and an adjacent 62,000 SF medical pavilion. Directly off U.S. Highway 521, the primary medical and commercial corridor, the Palmetto Medical Center is ideally situated within an established and expanding healthcare hub serving one of the fastest-growing communities in South Carolina.
The town of Indian Land, SC is an affluent and rapidly expanding suburb within the Charlotte MSA and is a part of Lancaster County – the fastest-growing county in the region, which has experienced double-digit population growth and is projected to expand an additional 25% over the next 15 years. This growth is being driven by large-scale master-planned communities, new corporate headquarters, and the arrival of major retailers and healthcare institutions — all of which continue to enhance long-term stability and investor confidence in this market.
Investment highlights
- Less than 1-mile from the MUSC Hospital Campus development – a $300M project that will include a 150,000 SF full-service surgical hospital and a 62,000 SF medical outpatient facility.
- Long-term WALT remaining on NNN Leases with 3% increases for existing tenants.
- Across the street is the 51-acre mixed-use development called “RedStone.” Upon completion, this multi-phase project will include more than 160,000 SF of retail, approximately 350 apartments, 20 townhomes, a hotel, 14-screen multi-plex cinema, live music event lawn, and more.
- Nearby is the Red Ventures corporate headquarters – a ±630,000 SF campus with an estimated 4,500 on-site employees.
- Positioned directly off U.S. Highway 521, which serves as the primary medical and commercial corridor in the area.
- Located in Lancaster County, the fastest-growing county in the Charlotte MSA, with population expected to increase by approximately 25% over the next 15 years, driven by sustained residential and economic expansion.
- Average household income $170,000+ within a 5-mile radius, ranking among the highest in South Carolina, leading to rapid expansion and fast-increasing demand for healthcare services in the region.
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