Attractive NNN Lease Structure with ~6.5 Year WALT: Fully leased to five tenants, (of which 3 are Prisma) on a triple-net basis with approximately 2.5-3.0% annual rent escalations, providing investors with predictable, compounding income growth and minimal landlord management responsibility. A WALT exceeding 6.5 years and 100% occupancy across a diversified tenant roster, anchored by an investment-grade healthcare system (Prisma) occupying nearly 70% of the building, offer a durable, low-risk income stream with built-in upside through contractual rent growth.
Proximity to Healthcare Anchor: Directly across the street from Prisma Health Baptist Easley Hospital, a community acute care facility serving Easley since 1958. Hospital-adjacent MOBs benefit from built-in referral traffic, shared patient volumes, and the operational convenience healthcare tenants prioritize, creating a durable location advantage that is difficult to replicate.
Deepening Prisma Health Investment in Easley: Prisma is actively expanding its local footprint, including a $138 million, 112-bed behavioral health hospital under construction on a 46-acre site off SC-153 near Easley (6.9 miles from property), expected to open in early 2027. This facility is part of a broader $143 million behavioral health expansion in the Upstate, signaling sustained institutional demand for supporting medical office space along the corridor.
High-Growth Greenville–Anderson MSA: Easley sits approximately 12 miles west of downtown Greenville within the Greenville-Anderson-Greer MSA, which surpassed 1 million residents as of mid-2025 (1,014,101 as of July 1, 2025), a 9.3% increase since 2020, outpacing statewide growth. South Carolina was the fastest-growing state in the nation in both 2024 and 2025, and continued in-migration supports expanding demand for outpatient healthcare delivery.
Rapidly Growing Bedroom Community: Easley is the largest city in Pickens County with a population approaching 29,000, growing over 25% since 2020. The city serves as a well-established bedroom community for the broader Greenville metro. With more than 20% of residents aged 65 and older, the local demographic profile supports sustained, long-term demand for medical services.
Outpatient Care Tailwind: The national shift from inpatient to outpatient healthcare delivery continues to drive demand for off-campus medical office space. Prisma Health’s January 2025 joint venture with Atlas Healthcare Partners to develop ambulatory surgery centers across the Upstate underscores the system’s commitment to expanding outpatient delivery. Hospital-adjacent MOBs offer providers the proximity benefits of an acute care campus at a lower cost basis, positioning the property to capture sustained demand as systems like Prisma Health expand their outpatient footprint.