Buy&Hold (Triple NNN):(Medical Office Bldg) 2400 Boiling Springs Rd, Spartanburg, SC + $8,600,000
- Promise Land Realty
- May 15, 2025
- 2 min read
Healthcare Investment Opportunity
Price
$8,600,000
📍 OFF-MARKET MEDICAL OFFICE BUILDING – BOILING SPRINGS, SC
ASKING PRICE: $8,600,000
CAP RATE: 6.3%
BUILDING SIZE: 20,907 SF
TENANCY: 100% Occupied – Greenville Health Systems dba Prisma Health
Promiseland Realty LLC is pleased to present an exclusive off-market opportunity to acquire a stabilized medical office asset located at 2400 Boiling Springs Road, Spartanburg, SC 29316.
This state-of-the-art facility, branded under MD360, is operated by Prisma Health, the largest healthcare provider in South Carolina. The site includes a medical office, physical therapy clinic, and a pharmacy (Upstate Pharmacy) — all under the Prisma Health umbrella.
Lease Structure: Absolute NNN Lease
Tenant: Greenville Health Systems (Prisma Health)
Lease Start Date: April 14, 2017
Remaining Lease Term: 14 Years
Lease Escalations: 4.25% every 3 years
Current NOI: $534,469.56
Ground Lease Rent (GL): $81,510.48 annually
Total Leasehold Rent: $615,980.04 annually
Ground Lease Term Remaining: 70 Years (including options)
Right of First Refusal: Building owner has ROFR to purchase the land
📍 Location: Property sits on Prisma Health’s medical campus — highly desirable, institutional-grade location with long-term strategic value.
📎 Full leasehold and ground lease documentation available upon request.
➡️ Submit all offers and inquiries directly to:📧 investments@promiselandrealtyllc.com
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⚠️ TEAM PROMISELAND DISCLAIMERNo party is authorized to market or advertise this property or its details without express written permission or verified membership in the TEAM PROMISELAND affiliate network. Unauthorized use of this listing or its contents is strictly prohibited and subject to a $500 fine per violation. Respect the integrity of our off-market ecosystem.
Property Map
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Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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