Listed by MPV Properties
$11,444,444
700 Nexton Square
Details
Property Type Office
Sub Type Traditional Office, Coworking
Square Footage 25,000
Cap Rate 6.75%
NOI $772,500
Occupancy 100%
Tenancy Single
Brand/Tenant IWG plc (Regus/Spaces)
Lease Type Absolute NNN
Lease Term 11
Lease Expiration 05/30/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options Two 5-Year Options
Class A
Year Built 2023
Buildings 1
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/31/2025
Office | 6.75% CAP | 25,000 SqFt
Marketing description
NNN Investment | Charleston MSA
Investment highlights
- Investment Grade Tenant – IWG plc (Regus/Spaces) carries a BBB+ Fitch credit rating and is the world's largest flexible workspace operator, with more than 4,000 locations globally.
- Purpose-Built Class-A Asset – Constructed in 2023, the property features more than 100 private offices, a two-story atrium, conference rooms, and premium finishes designed for modern workspace demand.
- Long-Term NNN Lease – 11-year absolute NNN lease backed by a corporate guarantee from RGN-Group Holdings, LLC, providing minimal landlord responsibilities.
- Built-In Rent Growth – 3% fixed annual rent escalations offer dependable NOI growth and inflation protection throughout the lease term.
- Premier Nexton Location – Situated in the heart of Nexton Square, walkable to 30+ restaurants and retailers, near the I-26 interchange, within one of South Carolina's fastest-growing markets.
Listing Contacts
Listed by MPV Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$772,500.00
$64,375.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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