• Long-Term Net Lease: The lease has ±10.75 years remaining with minimal landlord responsibilities.
• Favorable Rent Growth: The Lease includes 2.00% annual rent increases to hedge against inflation and provide long-term value creation.
• Quality Construction: The property is extremely high quality providing patients with a best-in-class healthcare experience.
• Seasoned Healthcare Provider: The Tenant, Light Wave Dental Management, LLC, is an industry leading Dental Practice Management company with 85 locations and strong leadership values.
• Attractive Demographics: Population density of 113,720 and AHH incomes of $109,007 within 5-miles.
• Abundant Market Healthcare Growth: The healthcare job market in the Upstate has grown 8.9% over the past 5-years and is expected to grow an additional 12.2% in the next 5-years.
• Highly Desirable Submarket: The property is located in one of the most desirable submarkets in South Carolina providing access to population density and best-of-class locations.
• Booming Greater Market: The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.
• High Demand Growth Market: South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.