3457 Five Chop RdOrangeburg, SC 29115

  • Land
  • 1.94 AC
For Sale
$3,170,054 View listing

Property Details for 3457 Five Chop Rd

Lot size
1.94 AC
Property type
Land
Property subtype
Commercial land
APN
0236-00-05-025
APU
2360005025

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,650,508
    Hospitality
    $12,503,792
    Educational
    $10,403,008
    Medical
    $10,760,783
    Retail
    $16,182,457
3457 Five Chop Rd, Orangeburg, South Carolina

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.4601
Longitude
-80.7243
CBSA code
36700
CBSA name
ORANGEBURG, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$17,460
-
$17,460
-
$291,000
-
$291,000

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