For Sale
$1,300,000

2650 St Matthews RdOrangeburg, SC 29118

ATI-Leased, 5,676 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a single-tenant, 5,676 square foot medical office building in Orangeburg, South Carolina, fully occupied by ATI Physical Therapy, a leading provider with over 900 locations nationwide. The property boasts a strong Net Net Net (NNN) lease with 5 years remaining, plus a 5-year option, ensuring long-term income stability. Built in 2018 and extensively renovated in 2023, the building features a new metal roof, updated plumbing, ceiling, flooring, and three HVAC units. The 3.91-acre lot provides ample parking (50 spaces) and potential for future expansion. The current NOI is $100,566, representing a 7.74% cap rate at the asking price of $1,300,000 ($229.03/SF). Rent bumps of $0.50/SF are scheduled beginning October 1, 2026, offering further upside potential. Located at 2650 St Matthews Rd, Orangeburg, SC 29118, this property benefits from its position in a rapidly growing market attracting significant manufacturing companies and experiencing robust job and population growth. This is a rare opportunity to acquire a well-maintained, high-performing medical office building with a strong tenant and significant long-term growth prospects.

Highlights

  • $1,300,000 asking price for a 5,676 SF medical office building in Orangeburg, SC.
  • Net-leased to ATI Physical Therapy with a 5-year lease term plus a 5-year option.
  • 7.74% cap rate with a $100,566 annual net operating income (NOI).
  • 100% occupancy; building renovated in 2023 with a new roof and other improvements.
  • $0.50/SF rent increase beginning 10/1/2026.
  • 3.91-acre lot with 50 parking spaces; potential for future expansion.

Property Details for 2650 St Matthews Rd

Property type
Retail properties, Office properties
Square Feet
5,676 SF
Year Built/Renovated
2018/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
170,320 SF

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.5345942
Longitude
-80.8411535
2650 St Matthews Rd, Orangeburg, South Carolina

FAQs

What type of property is this?
Retail property - ATI-Leased, 5,676 SF, High NOI
Where is the retail property located?
The property is located at 2650 St Matthews Rd Orangeburg, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: $1,300,000 asking price for a 5,676 SF medical office building in Orangeburg, SC.; Net-leased to ATI Physical Therapy with a 5-year lease term plus a 5-year option.; 7.74% cap rate with a $100,566 annual net operating income (NOI).
How can I contact the broker?
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2650 St Matthews Rd
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