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Lexington Machine 137 Business Park Dr 22,000 SF Industrial Building Lexington, SC 29072 $3,210,616 CAD ($145.94 CAD/SF) 6.09% Cap Rate

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INVESTMENT HIGHLIGHTS

  • HEADQUARTERS & MISSION CRITICAL FACILITY
  • POSITIONED IN INDUSTRIAL NODE W/ ACCESS TO TRANSPORTATION ROUTES
  • HIGH PERFORMING TENANT WITH STRONG RENT METRICS

EXECUTIVE SUMMARY

STRONG LEASE FUNDAMENTALS
- Absolute NNN with no landlord obligations
- Lease runs through 2037 with predictable 2% annual rent bumps
- Tenant covering all operating expenses
- Recent clean environmental report
HEADQUARTERS & MISSION CRITICAL FACILITY
- This is the Tenant’s only location and is special purposed for their operations
- Specialized machine fabrication & steel manufacturing facility
- Mission critical to Lexington Machines business
HIGH PERFORMING TENANT WITH STRONG RENT METRICS
- YTD sales as of 7/31/25 of nearly $4M and operates at a 12% Profit Margin
- Sub 2.50% Health Ratio and 7.00x Rent Coverage Ratio
LOW STARTING RENT
- Attractive entry rent basis at $6.24 PSF
- Low vacancy rate and friendly business jurisdiction
POSITIONED IN INDUSTRIAL NODE W/ ACCESS TO TRANSPORTATION ROUTES
- Sits within Lexington Business Park
- Over 30,000 employed in manufacturing and logistics
- Lowest corporate tax rates in the Southeast (5%)
- Minutes from I-20, I-26 and I-77 providing direct access to Atlanta
- Lexington County is one of the fastest growing counties in South Carolina

PROPERTY FACTS

Price $3,210,616 CAD
Price Per SF $145.94 CAD
Sale Type Investment NNN
Cap Rate 6.09%
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 2.13 AC
Rentable Building Area 22,000 SF
No. Stories 1
Year Built 2010
Tenancy Single
Parking Ratio 0.9/1,000 SF
Clear Ceiling Height 15’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Zoning Industrial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Lexington Machine Corp
  • Manufacturing
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Lexington Machine Corp Manufacturing - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
006400-05-056
Land Assessment
$6,345 CAD
Improvements Assessment
$92,500 CAD
Total Assessment
$98,846 CAD
  • Listing ID: 37642418

  • Date on Market: 2025-09-11

  • Last Updated:

  • Address: 137 Business Park Dr, Lexington, SC 29072

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