The Vitamin Shoppe | 5 Year Lease Option Recently Exercised

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant net-leased The Vitamin Shoppe in Florence, SC. The Tenant recently exercised a 5-year option, showing their commitment to the location. The Vitamin Shoppe operates 671 locations across the country (April 15, 2025) and is a subsidiary of Kingswood Capital Management and Performance Investment Partners. The net lease has 4 years remaining in the primary term and two, 5-year option periods with a 37% rent increase in the first option and a 10% rent increase in the second option. The roof was replaced in 2019 and has a 20-year roof warranty in place.

The 4,160 SF building is on a 0.44-acre parcel, and 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