For Sale
$5,349,000

2790 North Rd Orangeburg, SC 29118

High-Yield NNN Lease, 18 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity in Orangeburg, South Carolina, featuring a thriving Tidal Wave Car Wash. This single-tenant, absolute NNN leased property boasts a substantial net operating income of $374,400 and a 7.00% cap rate. The 2.15-acre site, constructed in 2023, is located at 2790 North Rd, Orangeburg, SC 29118. The lease agreement with the well-established Tidal Wave Auto Spa, a national brand with over 115 locations, provides a strong corporate guarantee and offers 18 years remaining on the term, ensuring a secure and consistent income stream. This property presents a compelling opportunity for investors seeking a stable, high-yield investment in a growing community. The property's location in Orangeburg County offers a favorable demographic profile, further enhancing its long-term investment potential. This is a turnkey investment with minimal management requirements, ideal for passive income generation. The property's strong financial performance and long-term lease make it an attractive addition to any portfolio.

Highlights

  • $5,349,000 Asking Price
  • Absolute NNN Lease with Corporate Guarantee
  • Single-Tenant, Tidal Wave Car Wash, 18-Year Lease Remaining
  • 7.00% Cap Rate, $374,400 NOI
  • Located at 2790 North Rd, Orangeburg, SC 29118

Property Details for 2790 North Rd

Property type
Specialty properties, Car washes

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.5266838
Longitude
-80.8885113

FAQs

What type of property is this?
Specialty property - High-Yield NNN Lease, 18 Years Remaining
Where is the specialty property located?
The property is located at 2790 North Rd Orangeburg, SC.
What is the asking price?
The asking price for this property is $5,349,000.
What are key features of this property?
This property features: $5,349,000 Asking Price; Absolute NNN Lease with Corporate Guarantee; Single-Tenant, Tidal Wave Car Wash, 18-Year Lease Remaining
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2790 North Rd
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