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Parkside Pediatrics

559 Harrison Bridge Rd Simpsonville, SC 29680

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$8,000,000

6.00%

480,000

2025

11,605

1.17 acres

Long-Term Lease: This brand new Absolute Net lease includes a 20-year initial term with four additional 5-year renewal option periods.

Strong Rent Increases: With base rent increases of 10% every 5 years, this property offers its investors steady, long-term financial growth.

Minimal Landlord Responsibilities: Structured as an Absolute Net lease, this property gives investors the opportunity to generate stable returns with minimal landlord responsibilities.

Seasoned Healthcare Provider: The Tenant, Tribe513, is a 20 year old independent medical practice (Parkside Pediatrics, Parkside Family Medicine, Parkside OB/GYN, Vive Psych, and Neighbors Pediatrics), consisting of 18 locations, 550+ team members, 90 physicians, and over 90,000 patients. Tribe513 has a Professional Services Agreement (PSA) with MUSC Health (sublease between Tribe513 and MUSC Affiliate Physicians). Tribe 513 and MUSC also have a 50/50 MSO joint venture called The Onyx Group (HR, Finance, Billing, IT, etc.). This new facility serves to replace and expand Parkside Pediatrics’ original Harrison Bridge Road location, where they began operations in 2018 and, due to excessive growth in demand, have outgrown the original facility.

Award Winning Healthcare Provider: For the past 9 years, Parkside Pediatrics has been voted by the community as the “Best Pediatrician Office”, highlighting their continued commitment to delivering quality patient care

State-of-the-Art Construction: This brand new, 2025 Build-to-Suit for Parkside Pediatrics features top-tier class A+ amenities for its physicians, staff, and patients.

Abundant Healthcare Market Growth: The healthcare job market in South Carolina grew by 14.4% from 2019 to 2024, and it is expected to grow an additional 9.5% by
2029, demonstrating the area’s strong market fundamentals for the future of its healthcare industry.

Strong Demographics: With a 3-mile population density of ±44,000 people sporting an average household income of $124,169, this property is ideally situated for excellent patient exposure through its proximity to a large and affluent population base.

Rapidly Developing Market: Greenville, along with the Upstate of South Carolina as a whole, has gained recognition as a prime destination and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockhead Martin, and many more.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
[email protected]
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923
[email protected]
Lawrence Myers
Associate
864-313-2817
[email protected]

Documents

Download Offering Memorandum

Property Summary

Property Type:

Healthcare

Lot Size:

1.17 Acres

Year Built:

2025

Buildings:

1

Stories:

1

Investment Summary

CAP Rate:

6.00%

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Confidentiality Agreement Form

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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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