For Sale
$6,623,622

3457 Five Chop Rd Orangeburg, SC 29115

SC Net Lease Investment, Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 4,050 square foot 7-Eleven gas station located at 3457 Five Chop Rd, Orangeburg, SC 29115. The property boasts a 15.1-year absolute NNN lease with a corporate guarantee from 7-Eleven, commencing May 3, 2023, and expiring May 30, 2038. This leaves a substantial 13.5-year remaining lease term. The property features 12 gas pumps situated on a 5-acre lot and benefits from a strong 5.30% cap rate and a Net Operating Income (NOI) of $351,052. The asking price is $6,623,622, translating to a price per square foot of $1,635.46. Rent escalates by 8% every five years, ensuring consistent income growth. The lease includes four four-year renewal options and a 20-day right of first refusal. The property's strategic location just off I-26 at Exit 154, on Hwy 301, provides excellent visibility and accessibility, benefiting from the area's industrial growth and high traffic volume. Built in 2023, this property offers a secure, passive income stream with significant long-term potential. The property's APN is 0236-00-05-005.000 & 0236-00-05-006.000. The ownership is publicly held (AA-). 100% occupancy ensures immediate cash flow.

Highlights

  • 7-Eleven corporate guaranteed net lease.
  • Absolute NNN lease with 15-year initial term (May 4, 2023 - May 31, 2038).
  • 8% rent increases every five years.
  • Four, four-year renewal options.
  • 20-day right of first refusal.

Property Details for 3457 Five Chop Rd

Property type
Retail properties, Gas stations
Square Feet
4,050 SF
Year Built
2023
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.460204
Longitude
-80.7228311

FAQs

What type of property is this?
Retail property - SC Net Lease Investment, Strong Returns
Where is the retail property located?
The property is located at 3457 Five Chop Rd Orangeburg, SC.
What is the asking price?
The asking price for this property is $6,623,622.
What are key features of this property?
This property features: 7-Eleven corporate guaranteed net lease.; Absolute NNN lease with 15-year initial term (May 4, 2023 - May 31, 2038).; 8% rent increases every five years.
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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3457 Five Chop Rd
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