LEXINGTON, S.C. – Hanley Investment Group Real Estate Advisors, a nationally recognized retail investment advisory firm specializing in the sale of retail properties, announced today that the firm has arranged the $3.67 million sale of a fully occupied, three-tenant retail pad anchored by Lexington Modern Dentistry, supported by PDS Health (formerly Pacific Dental Services), in Lexington, South Carolina, directly across from the top-performing Publix in the state, according to Placer.ai.
Hanley Investment Group’s Executive Vice President and Partner Jeff Lefko, in association with ParaSell, Inc., represented the seller, Lexington Covenant Group LLC, a Nevada limited liability company. The buyer, a private investor from New Jersey, was represented by Seth Goldberg, associate director investments at Marcus & Millichap.
“We procured an all-cash 1031 exchange buyer from New Jersey,” said Lefko. “We negotiated a 45-day escrow and closed at 96% of the listing price, demonstrating the continued depth of demand for high-quality, service-based retail in fast-growing suburban markets.”
Built in 2019, the 7,000-square-foot pad is situated on 1.15 acres at 808 Highway 378 in Lexington and is leased to Lexington Modern Dentistry (PDS Health), My Pharmacy & Optical, and The Nail Room. All three tenants operate under long-term triple-net leases with staggered expirations, creating stable cash flow and minimizing rollover risk.
The 100% occupied property benefits from excellent visibility and accessibility at a hard-corner, signalized intersection with strong daily traffic counts (27,500 cars per day). The surrounding corridor features a robust mix of national retailers, including Publix, Planet Fitness, Lowe’s, McDonald’s, Starbucks, Bojangles, Marco’s Pizza, Great Clips, Mavis Tires & Brakes, Subway, Verizon, and Zaxby’s. Hendrix Crossing, located directly across the street, attracts 1.7 million annual visits and includes the No. 1 Publix in South Carolina, according to Placer.ai.
Lexington is one of the fastest-growing communities in the state, with 136% population growth since 2000 and average household incomes exceeding $122,000 within a five-mile radius. The area’s rapid residential expansion, strong school system, and proximity to Columbia continue to drive demand for essential, service-based retail.
Lefko noted that PDS Health’s national footprint and integrated medical-dental model resonate strongly with investors. “PDS Health is one of the most respected dental support organizations in the country,” said Lefko. “Their supported practices benefit from strong brand recognition, high patient retention, and a proven operating model. For many buyers, a PDS Health-anchored pad represents the ideal combination of essential healthcare, stable long-term tenancy, and service-based, internet-resistant demand.”
He added, “The property’s long-term triple-net leases, zero landlord responsibilities, and prime location within a high-growth corridor made this an exceptionally attractive investment opportunity.”
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a transaction track record of over $12.9 billion, specializing in the sale of grocery-anchored, anchored, multi-tenant, and single-tenant retail properties nationwide. The firm’s expertise, proven track record spanning more than 20 years, and dedication to putting clients’ needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group’s relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit hanleyinvestmentgroup.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Jeff Lefko, Executive Vice President & Partner
Email: Send Email
Phone: 949.585.7682
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/