2650 St Matthews RdOrangeburg, SC 29118

  • Healthcare properties
  • 5,676 SF
For Sale
$1,300,000 View listing

Property Details for 2650 St Matthews Rd

Year built
2018
Lot size
3.91 AC
Property size (Sq ft)
5,676 SF
Property type
Healthcare properties
Property subtype
Other retail properties

Description

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.

2650 St Matthews Rd, Orangeburg, South Carolina

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.5346
Longitude
-80.8412

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