3457 Five Chop RdOrangeburg, SC 29115

Property Details for 3457 Five Chop Rd

Lot size

1.94 AC

Property type

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.

• 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

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