2650 St Matthews RdOrangeburg, SC 29118

Property Details for 2650 St Matthews Rd

Year built

2018

Lot size

3.91 AC

Property size (Sq ft)

5,676 SF

Property type

Retail properties

Property subtype

Office 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.

Location Insight

City

Orangeburg

County

Orangeburg

State

South Carolina

Latitude

33.5346

Longitude

-80.8412

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