For Sale
$3,000,000

129 Magnolia Vlg PkwyOrangeburg, SC 29116

High-yield, 2-tenant net lease property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 3,525 square foot retail property in Orangeburg, South Carolina. The property, situated on a 0.97-acre lot at 129 & 131 Magnolia Village Pkwy (zip code 29116), boasts a strong tenant lineup featuring a Chipotle and a Tropical Smoothie Cafe. Built in 2024, this multi-tenant building benefits from a 5.75% cap rate and a substantial net operating income (NOI) of $172,500. The property enjoys a prime location shadow-anchored to a top-performing Walmart Supercenter and situated across from Lowe's Home Improvement, on a major retail thoroughfare (US Hwy 178) with a high volume of daily traffic (30,023 VPD). Further enhancing its appeal, the property is adjacent to Mavis Tires & Brakes and near a US Department of Veterans Affairs Clinic. The strong demographics are underscored by an average household income of $83,583 within a one-mile radius. Both tenants are operating under 10-year net leases, providing long-term stability and predictable cash flow. The lease agreements include corporate (Chipotle) and personal (Tropical Smoothie) guarantees, with tenants responsible for CAM, taxes, insurance, and HVAC. The landlord's responsibilities are limited to roof and structure maintenance, covered by a manufacturer's warranty. Rent increases are built into the leases every five years, ensuring future income growth. This property represents a compelling investment in a thriving retail corridor within the rapidly expanding 62-acre Magnolia Village mixed-use development.

Highlights

  • 10-Year Net Leases with Corporate Guarantees from Chipotle and Tropical Smoothie.
  • Tenant pays NNN (CAM, Taxes, Insurance, HVAC).
  • Landlord responsible for roof and building structure; manufacturer's roof warranty in place.
  • Rent escalates every five years.
  • Prime retail location on US Hwy 178 (North Road) within Magnolia Village, a thriving 62-acre mixed-use development.
  • Shadow-anchored by Walmart Supercenter and T.J. Maxx, across from Lowe's and adjacent to Mavis Tires.

Property Details for 129 Magnolia Vlg Pkwy

Property type
Retail properties
Square Feet
3,525 SF
Year Built
2024
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.4899724
Longitude
-80.8599762
129 Magnolia Vlg Pkwy, Orangeburg, South Carolina

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129 Magnolia Vlg Pkwy
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