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OFFERING MEMORANDUM

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  • OFFERING

    MEMORANDUM

  • The Professional Park

    at Ebenezer

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732 OF

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    PROPERTY PHOTOS

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    Contact SKIP TUTTLE

    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    PROPERTY PHOTOS

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    Contact SKIP TUTTLE

    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    SITE PLAN

    CAROLINAS CENTER FOR

    ORAL & FACIAL SURGERY

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    Contact SKIP TUTTLE

    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    BUILDING SIZE 4,000 SF LEASE TERM 15 YEARS

    LOT SIZE ±1.47 ACRES LEASE TYPE NNN

    PARKING ±65 SPACES OPTIONS N/A

    TENANT PALMETTO REHAB OF ROCK HILL, LLC YEAR BUILT 2016

    ANNUAL RENT $81,151.20 ZONING PUD (CITY OF ROCK HILL)

    RENT INCREASES 2% ANNUALLY PRICE BASED ON 6% CAP RATE: ($1,352,000)

    PROPERTY DETAILS

    CHARLOTTE MSA Palmetto Rehab is located in an excellent submarket of Rock Hill, SC, which is the 4th largest city in the Charlotte MSA. As Charlotte continues to

    grow and expand south, cities such as Rock Hill and Fort Mill largely benefit from the outward growth. Located on 20 minutes from Charlotte, this site

    has direct access to North Carolina’s strongest economy and a population of approximately 1.7MM residences, which provide a substantial consumer

    base. This office building lies ±4 miles off I-77, which directly connects Rock Hill to both Charlotte, NC and Columbia, SC.

    PIEDMONT MEDICAL CENTER Piedmont Medical Center is a full-service, 288-bed hospital, providing healthcare services to the Rock Hill community for more than 30 years.

    Located directly behind Piedmont, Palmetto Rehab is well positioned to take advantage of the growth within this immediate submarket.

    SURROUNDING NEW DEVELOPMENT Several new residential subdivision, office properties and retail projects have been built in the past 5 to 10 years surrounding the Palmetto Rehab

    site. Development is expected to continue around the location with excellent population growth over the next 5 years.

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    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    DEMOGRAPHICS

    POPULATION 1 MILE 3 MILE 5 MILE

    2017 Total Population 9,349 54,346 95,682

    2022 Population 10,203 59,454 105,128

    Pop Growth 2017-2022 9.13% 9.40% 9.87%

    Average Age 38.30 37.00 37.10

    HOUSEHOLDS

    2017 Total Households 3,923 21,100 37,363

    HH Growth 2017-2022 9.28% 9.77% 10.12%

    Median HH Income $50,987 $47,530 $48,283

    Average HH Size 2.30 2.40 2.50

    2017 Average HH Vehicles 2.00 2.00 2.00

    HOUSING

    Median Home Value $172,997 $165,628 $163,517

    Median Year Built 1992 1986 1989

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    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    22,900

    21,600

    LOCATION MAP & 2016

    AVERAGE DAILY TRAFFIC COUNTS

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    Contact SKIP TUTTLE

    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    Rock Hill

    Columbia

    Charlotte

    Greenville

    Spartanburg

    RELATION MAP

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    MEDICAL OFFICES NEAR

    PIEDMONT MEDICAL CENTER (288 BEDS)

    PMC

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    Contact SKIP TUTTLE

    803.366.6564

    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    SITE ACCESS AERIAL

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    MARKET AREA AMENITIES & ATTRACTIONS Giordana Velodrome – Rock Hill Riverwalk Community – Rock Hill Winthrop University – Rock Hill

    Carowinds Amusement Park – Fort Mill/Charlotte University Center at Knowledge Park – Rock Hill Fountain Park – Rock Hill

    Lake Wylie BMX Supercross Track – Rock Hill

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    [email protected]

    PALMETTO REHAB

    1757 Ebenezer Road

    Rock Hill, South Carolina 29732

    This document is provided subject to errors, omissions and changes in the information and is subject to modification or

    withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

    Interested Buyers should be aware that the Seller is selling the Property "AS IS" CONDITION WITH ALL FAULTS, WITHOUT

    REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate,

    buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either

    independently or through agents of the buyer's choosing.

    The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to

    accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the

    form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the

    Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the

    Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which

    contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

    Prospective Buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses,

    professional or otherwise, incurred by them.

    CONFIDENTIALITY STATEMENT