For Sale
$3,170,054

3457 Five Chop RdOrangeburg, SC 29115

High-yield Wendy's, SC, 18.8 years left

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 3457 Five Chop Rd

Property type
Retail properties
Square Feet
2,262 SF
Year Built
2023
Lot Size (sq. ft)
84,506 SF

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.460029
Longitude
-80.7226842
3457 Five Chop Rd, Orangeburg, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3457 Five Chop Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message