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1520 American Dr 9,480 SF 100% Leased Retail Building Florence, SC 29505 $4,258,532 CAD ($449.21 CAD/SF) 7.05% Cap Rate
Investment Highlights
- Multi-tenant configuration including restaurant & high credit medical office
- Pylon signage opportunity providing strong street presence and tenant exposure
- Strategically positioned near the intersection of Interstate 95 and Interstate 20, providing excellent regional connectivity
Executive Summary
• Multi-tenant configuration including restaurant & high credit medical office
• Ample on-site parking with approximately 50 spaces
• Pylon signage opportunity providing strong street presence and tenant exposure
• Located within Florence’s primary commercial hub, serving the broader Pee Dee regional market
• Strategically positioned near the intersection of Interstate 95 and Interstate 20, providing excellent regional connectivity
• Florence continues to experience strong economic growth with major employers in healthcare, manufacturing, and logistics
• B3 Commercial zoning allowing for a variety of retail, office, & service uses
• More than $1 billion in recent capital investment across commercial, industrial, and institutional projects around Florence in the past 8 years
• Corporate Guarantee by Proactive MD SC, P.A.
• Landlord Responsibilities: Limited to structural components of the building (including roof and structure), with Tenant responsible for all other operating expenses
pursuant to the NNN lease
• Ample on-site parking with approximately 50 spaces
• Pylon signage opportunity providing strong street presence and tenant exposure
• Located within Florence’s primary commercial hub, serving the broader Pee Dee regional market
• Strategically positioned near the intersection of Interstate 95 and Interstate 20, providing excellent regional connectivity
• Florence continues to experience strong economic growth with major employers in healthcare, manufacturing, and logistics
• B3 Commercial zoning allowing for a variety of retail, office, & service uses
• More than $1 billion in recent capital investment across commercial, industrial, and institutional projects around Florence in the past 8 years
• Corporate Guarantee by Proactive MD SC, P.A.
• Landlord Responsibilities: Limited to structural components of the building (including roof and structure), with Tenant responsible for all other operating expenses
pursuant to the NNN lease
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,480 SF
Building Class
B
Year Built/Renovated
2004/2023
Price
$4,258,532 CAD
Price Per SF
$449.21 CAD
Cap Rate
7.05%
NOI
$300,227 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.01 AC
Zoning
B3 - Commercial
Parking
50 Spaces (5.27 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00179-01-069 | Improvements Assessment | $59,854 CAD |
| Land Assessment | $16,921 CAD | Total Assessment | $76,776 CAD |
Property Taxes
Parcel Number
00179-01-069
Land Assessment
$16,921 CAD
Improvements Assessment
$59,854 CAD
Total Assessment
$76,776 CAD
Contacts
-
W.Scott Jones, SIOR -
John Stathakis, CCIM -
Chrestman Rainey -
NAI Earle Furman LLC
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1520 American Dr
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