3457 Five Chop RdOrangeburg, SC 29115
- Land
- 1.94 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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