The Vitamin Shoppe | 5 Year Lease Option Just Exercised

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant net leased The Vitamin Shoppe in Florence, SC. The Tenant just recently exercised a 5-year option showing their commitment to the location. The Vitamin Shoppe operates over 780 locations across the country and is a subsidiary of Franchise Group, Inc. (NASDAQ: FRG). The net lease has 5 years remaining in the primary term with two 5-year option periods with 10% rent increases every 5 years. The roof was replaced in 2019 and has a 20 year roof warranty in place.

The 4,160 SF building on 0.44-acre parcel is strategically located in Florence’s main retail corridor with traffic counts along David H McLeod Blvd exceeding 32,300. The subject property is an outparcel to Cross Roads Center, a 269,000 SF power center, is directly opposite Magnolia Mall, a 600,0000 SF regional mall, and is only 1.3 Miles away from Florence Mall, a 329,000 SF power center. Nearby retailers include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Chick-fil-A, Chipotle, Panera and more. The property is located in an upscale trade area with average household income over $100,000 in a 3-mile radius.

Available