129 & 131 Magnolia Village Pkwy - Fast Food FOR SALE


Orangeburg, SC 29118
$2,875,000 USD
415-274-7394
129 & 131 Magnolia Village Pkwy, Orangeburg, SC for Sale
$2,875,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

129 & 131 Magnolia Village Pkwy
Orangeburg, SC 29118


HIGHLIGHTS

  • 10-year net leases with corporate (Chipotle) and personal (Tropical Smoothie) guaranty
  • Tenants are responsible for CAM, taxes, insurance and HVAC
  • Landlord responsible for roof & structure (manufacturer roof warranty)
  • Rent increases every 5 years
  • Located on U.S. Hwy 178 (North Road) a primary retail corridor and in fast-growing Magnolia Village, a 62-acre mixed use development
  • Shadow-anchored to a Walmart Supercenter and TJ Maxx, across from Lowe’s Home Improvement and adjacent to Mavis Tires & Brakes

OVERVIEW

Under construction build-to-suit, 2-tenant Chipotle and Tropical Smoothie Café shadow-anchored to a top-9% Walmart Supercenter shopping center, across from Lowe’s Home Improvement, on U.S. Hwy 178 (North Road) a main retail thoroughfare with 30,023 VPD. Located in front of a U.S. Department of Veterans Affairs Clinic serving approximately a 1,000 veterans per week. Average household income of $83,583 within a 1-mile radius (per CoStar).

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$816 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Tropical Smoothie Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

0151-00-00-007

ASK ABOUT THIS PROPERTY

Joseph CaccamoCP Partners CREMore Info
415-274-7394

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Joseph CaccamoCP Partners CREMore Info
415-274-7394

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.