This exceptional investment opportunity presents a brand-new, 2,262-square-foot Wendy's restaurant in Orangeburg, South Carolina. Built in 2023, the property boasts a 19.8-year absolute NNN lease with a corporate guarantee from Carolina Restaurant Group, a significant Wendy's franchisee with a substantial portfolio. The lease commenced December 1, 2023, and features 10% rent increases every five years, providing strong future income growth. The property sits on a 1.94-acre lot, strategically located off I-26 (approximately 56,000 vehicles per day) and Five Chop Road (approximately 10,000 vehicles per day), benefiting from high visibility and interstate pylon signage. The asking price is $3,170,054, representing a compelling 5.50% cap rate and a price per square foot of $1,401.44. The property's strong tenant, prime location, and long-term lease make it an attractive investment with significant upside potential. The Net Operating Income (NOI) is $174,353, and the lease has five-year renewal options with 10% rent increases. Orangeburg County boasts a population exceeding 85,000, and the property's proximity to Columbia, Charleston, and Augusta further enhances its appeal. This is a rare opportunity to acquire a high-performing, passively managed asset with a blue-chip tenant in a growing market.
Highlights
2023-built, 2,262 SF building on a 1.94-acre lot.
New 20-year NNN lease with a strong tenant.
Tenant is Carolina Restaurant Group, operating ~125 Wendy's in NC and SC.
High-traffic location: I-26 (56,000 VPD) and Five Chop Road (10,000 VPD), with interstate pylon signage.
Located in Orangeburg County, population 85,000+.
Investment-grade tenant: Wendy's, a top 5 US QSR brand.
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Contacts
Todd Lewis
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3457 Five Chop Rd, Orangeburg, South Carolina, 29115
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3457 Five Chop Rd
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