The Vitamin Shoppe

2590 David H McLeod Boulevard, Florence, SC 29501

$1,824,878

Cap Rate 9.00%

Views: 153 DOM: 86 Updated: 10.06.24 Posted: 09.26.24 Status: Active

Summary

Price $1,824,878	Built/Renov 1994	Tenant The Vitamin Shoppe
Cap Rate 9.00%	Lease Type NN+	Guarantor Corp Rated
Size/SF 4,160	Lease Start 08-14-2008	#Units 705
Price/SF $438.67	Expiration 08-31-2029	Tenant Type General Retail
NOI $164,239	R. Term 4.8	Ownership Fee Simple
Rent/SF $39.48	Increases 10.0%/5/yrs	Pop 5Mi 67,841
Lot/AC 0.44	Options 2/5yrs/10%	AHHI 5Mi $93,943

Lease Highlights

5 year option just exercised | 16-year operating history
New roof replaced in 2019 with a 20-year roof warranty
Favorable NN+ lease | Landlord responsible for roof & structure
Subsidiary of Franchise Group Inc.
Corporate guaranteed lease

Location Description

The Vitamin Shoppe is strategically located on David H McLeod Boulevard, with excellent ingress, egress, and visibility, with access to 32,300 vehicles passing by daily. The property serves as an outparcel to Cross Roads Center, a power center, and is directly across from Magnolia Mall, a regional shopping hub, while being just 1.3 miles away from Florence Mall. The surrounding area includes...

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Key Features

Roof guarantee
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Highway close
Strong demographics
Long operation history
Recently extended lease
Favorable NN+ lease
Corporate Guarantee

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Links

The Vitamin Shoppe Wikipedia The Vitamin Shoppe Wikipedia Florence, South Carolina Zip Code 29501 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Vitamin Shoppe
Guarantor:Corp Rated
Company:Franchise Group, Inc.
# Units:705
Tenant S&P: B-
Moody’s: B3
Stock:Private

About Tenant

The Vitamin Shoppe is an American, New Jersey-based retailer of nutritional supplements. Carrying their brands and third-party lines the chain sells a huge assortment of supplements, proteins,...

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Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23579 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25359 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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