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McLeod Physician Associates
1540 American Drive, Florence, SC 29505, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,666 SF McLeod Physician Associates Located at 1540 American Drive in Florence, SC. This Deal Includes a Triple Net (NNN) Lease – Landlord Has Limited Responsibilities. The Tenant Has Demonstrated Their Long-Term Commitment to the Site By Recently Extending Their Lease For an Additional 5 Years, Providing For a Secure Investment.
- Directly Across the Street From Regency Hospital in Florence, South Carolina—a 44-Bed Long-Term Acute Care Hospital (LTCH) Specializing in Extended Recovery For Medically Complex Patients
- McLeod Health is a Leading Healthcare System in South Carolina With a Dominant Market Presence; The Network Operates Multiple Hospitals and Facilities, Including McLeod Regional Medical Center in Florence, as Well as Locations in Dillon, Loris, Seacoast, Cheraw, and Clarendon; in 2022, McLeod Health Held a 46.9% Market Share— Nearly Twice That of Its Closest Competitor; The System is Known For Its Strong Financial Performance and Has Earned Recognition For Excellence in Emergency Care, Inpatient Services, and Overall Healthcare Delivery
- Strategically Positioned Within a Dense Medical Corridor, Surrounded By Prominent Healthcare Providers Including MUSC Health Orthopaedics & Sports, MUSC Health Hematology & Oncology, MUSC Health Cardiology, Florence ENT, Fresenius Kidney Care, Eastern Carolina Pediatric Children’s Hospital, Florence Pediatric Dentistry, and Carolinas Dermatology Group
- Rents Are Considered Highly Replaceable at $26.30 Per SF
- The Tenant Has Demonstrated Their Long-Term Commitment to the Site By Recently Extending Their Lease For an Additional 5 Years
- NNN lease – Landlord Has Limited Responsibilities
In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103
McLeod Physician Associates
1540 American Drive, Florence, SC 29505, USA
MCLEOD PHYSICIAN ASSOCIATES
McLeod Health is recognized as the region’s destination for medical excellence. Its reach extends from the Midlands to the Coast along the border of North and South Carolina, serving more than one million people. As medical needs continue to grow, McLeod Health expands and enhances its facilities and services to meet those demands. The McLeod Health network consists of eight hospitals located in Florence, Darlington, Dillon, Manning, Cheraw, Loris, Little River, and Myrtle Beach. Established in 1906, McLeod Health is a locally owned and managed, not for-profit healthcare system. It is supported by a robust team that includes more than 900 medical staff members, over 2,900 licensed nurses, and approximately 15,000 team members. McLeod Health is committed to continuously improving patient care through physician-led, data-driven, and evidence-based initiatives.
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Spring Branch, Texas
Cap Rate: 5.75%
$2,719,732
Available
Price
$1,000,000
Cap Rate
7.01%
PREMISES
2,666 SF
RENEWAL OPTIONS
4 x 1 Year Option
Lease Expiration
06/14/2026
Lease Type
NNN
RENTAL INCREASES
3% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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