Investment Overview
Trinity Partners is proud to serve as exclusive listing broker on behalf of the Owner and present to the marketplace this net lease investment opportunity occupied by a Fortune 500 Tenant in Winnsboro, South Carolina (or the “Property”). The Tenant is a leading payments technology company.
The Property was developed in 2006 as a bank building and the Tenant has invested over $300K in improvements in 2024. The Midway Plaza outparcel sits at a signalized intersection adjacent to a new Bojangles and across from Fairfield Central High School, Fairfield Middle School, and the Fairfield Career & Technology Center.
The Property is on a 6-year net lease with a parent company guaranty that commenced in January 2024. There are two 5-year renewal options with 2% annual rent increases throughout the term.
Investment Highlights
- The Tenant is a leading payments technology company with 27,000+ team members in over 100 countries
- Headquartered in Atlanta GA, the company has approx. $10B in assets and a net worth of approx. $27B (as of 7/31/24)
- Subject property is a testing center for new technology in which the company invested more than $300K in improvements
- Corporate net lease has over 5 years of term remaining with two 5-year renewal options and 2% annual rent increases throughout
- Building sits at a signalized intersection across from Fairfield County Career & Technology Center, Fairfield Central High School,
- and Fairfield Middle School (2,300 total students in district)
- Positioned on a major 4-lane US highway (321) and the primary commercial corridor in the county
- Over 1.2 million people are within an hours’ drive of Fairfield County and nearly half of the US population is within a single day’s
- drive
- Located 30 minutes from the state capital, 45 minutes from the Columbia Metropolitan Airport, one hour from the Charlotte Douglas International Airport, and two hours from the Port of Charleston