Sumter, SC - Freedom Plasma

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Freedom Plasma investment property located in Sumter, SC. The tenant, Biotek America, LLC (dba Freedom Plasma) has just under 10 years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Grifols Shared Services North America, Inc. and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

Freedom Plasma is strategically located along U.S. Highway 378 with clear visibility and access to an average of 13,900 vehicles passing by daily. The property also benefits from nearby access onto U.S. Highway 521 (28,800 VPD), making it a centralized location with easy commutes. The asset is ideally situated within a dense retail trade area and is within proximity to Wesmark Plaza (214K+ SF) and Sumter Mall (376K+ SF). The surrounding national/credit tenants include ALDI, Walmart Supercenter, Lowe’s, Staples, Piggly Wiggly, T.J. Maxx, Big Lots!, and others. The strong tenant synergy drives a loyal, local consumer base to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Palmetto Towers (96 units), The Flats at 915 (100 units), Poplar Square (100 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 57,000 residents and 32,300 daytime employees, with a healthy average household income of $87,198.