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33526091
33526090

1029 Broad St, Sumter, SC 29150

AB
GA 373002
TSCG The Shopping Center Group Atlanta
JL
GA 329650
TSCG The Shopping Center Group Atlanta
TSCG The Shopping Center Group Atlanta
Listed by TSCG The Shopping Center Group Atlanta
$3,158,000
1 day on market
Updated 1 day ago

Prisma Health Urgent Care | Sumter, SC

Details
APN 229-01-01-002
Property Type Retail
Sub Type Storefront, Medical (+1)
Square Footage 4,300
Cap Rate 6.4%
NOI $202,100
Occupancy 100%
Tenancy Single
Brand/Tenant wellstreet, Prisma Health University Medical Group
Lease Type NN+
Lease Term 15
Lease Expiration 07/31/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options 3 x 5 years
Broker Co-Op True
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.510
Parking Spaces 40 spaces
Parking Per SqFt 9.30
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2026
Ground Lease No

New 15-Year Lease | 35,000+ VPD | Proximity to Shaw Air Force Base

Marketing description

TSCG is pleased to present a Prisma Health Urgent Care within the Columbia-Sumter-Orangeburg CSA. The 4,300 SF building features a new 15-year lease with 10% rent increases every five years. The Property is operated by WellStreet and Prisma Health, South Carolina's largest private nonprofit health system with 580+ locations serving 1.6M+ patients annually.

The Property sits on Sumter's primary commercial corridor near the intersection of Broad Street and Bultman Drive (35,000+ VPD), adjacent to the 345,000 SF Sumter Mall. Key demand drivers in the Sumter area include Shaw Air Force Base (5,400+ personnel, 6 miles), the University of South Carolina-Sumter (1.5 miles), and Prisma Health Tuomey Hospital (283 beds).

Investment highlights

NEW 15-YEAR LEASE | STRONG REGIONAL OPERATOR | 28+ LOCATIONS & GROWING

  • New 15-year lease with 10% increases every 5 years during the initial term and three, 5-year option periods
  • Growing regional operator with 28+ locations in South Carolina with plans to grow to 40+ units by 2027
  • Collaboration between large regional healthcare provider with over 32,000 employees and growing urgent care operator, WellStreet Urgent Care, to establish, operate, and expand the business model
  • Prisma Health is the largest healthcare provider in South Carolina with over 580 locations | Prisma serves more than 1.6M patients in South Carolina and Tennessee
  • WellStreet, founded in Atlanta in 2011, is an experienced multi-location urgent care operator with a proven joint venture model alongside major health systems
  • The Prisma Health/WellStreet partnership launched in early 2023, serving the Midlands and Upstate SC markets with a consumer-friendly model: seven days a week, 8AM to 8PM, with walk-in, book ahead, and virtual visit options

PRIMARY RETAIL CORRIDOR | FULL TURN ACCESS | DENSE DEMOS

  • Full-turn access along Broad Street, Sumter’s primary commercial corridor and highest traffic roadway
  • Strategic location near the intersection of Broad St and Bultman Dr (32,000+ VPD)
  • Adjacent to the 345,000 SF Sumter Mall anchored by Belk, Planet Fitness, CATO and Bath & Body Works
  • 2M+ SF of retail within a 1-mile stretch | Primary retailers include Walmart, BJ’s Wholesale, Lowe’s, Hobby Lobby, Burlington, TJ Maxx, Ross, Ulta, Aldi and Five Below
  • Central location 40 miles east of Columbia | Direct regional connectivity to I-26, I-20 and I-95 via US-378, US-521 and US-15
  • The 283-bed Prisma Health Tuomey Hospital reinforces the local healthcare ecosystem and supports patient referral traffic to the subject Property
  • Shaw Air Force Base is located ~6 miles northwest of Prisma Health Urgent Care, providing a stable, recession-resistant residential and workforce population along the primary trade area

MARKET DEMAND DRIVERS | SHAW AIR FORCE BASE | UNIVERSITY OF SOUTH CAROLINA-SUMTER

  • Shaw Air Force Base is home to 5,400+ military personnel, including more than 11,000 family members | It is one of South Carolina’s largest single site of employees and 6 miles northwest of the Property
  • University of South Carolina-Sumter (1,800+ students) and Morris College: dual higher education institutions within the market
  • Sumter School District: ~17,000 students across 27 schools supporting a dense family-oriented residential base
  • Swan Lake Iris Gardens and downtown cultural venues: year-round visitor and civic traffic

Listing Contacts

AB
GA 373002
TSCG The Shopping Center Group Atlanta
JL
GA 329650
TSCG The Shopping Center Group Atlanta
TSCG The Shopping Center Group Atlanta
Listed by TSCG The Shopping Center Group Atlanta

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$202,100.00
$16,841.67/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

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