Florence, SC - LFB 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 signed, LFB Plasma investment property located in Florence, SC. The tenant LFB American Plasma, LLC (dba LFB Plasma) has 8+ years of term remaining with an additional 4 (5-year) option periods left to extend. The lease features a 10% increase in year 11 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

LFB Plasma is strategically located along 2nd Loop Road with clear visibility and access to an average of 30,900 vehicles passing by daily. The asset also benefits
from nearby access onto U.S. Highway 76 (24,200 VPD), Interstate 95 (60,900 VPD), and Interstate 20 (30,900 VPD), making this a centralized location with easy commutes. The property is ideally situated within a dense retail trade area and is near some major shopping centers including Southpark Center (69K+ SF), Southside Commons (240K+ SF), Magnolia Mall (601K+ SF), and others. The surrounding tenants consist of Food Lion, CVS Pharmacy, Walmart, Lowe’s, Sam’s Club, Home Depot, Kohl’s, Target, and others. The strong tenant presence drives a loyal, local consumer base to the trade area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Four Oaks (80 units), Landmark Woods (104 units), and Sedgefield (272 units), providing a direct residential consumer base. The 5-mile trade area is supported by over 76,300 residents and 51,900 daytime employees, with an average annual household income of $88,566.