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Shopping Strip

Firehouse Subs Strip | Brand New Build

3291 St Matthews Rd, Orangeburg, SC 29118

Listing Price: $2,726,400

Cap Rate
6.25%
Gross SF
6,324
Rentable SF
6,200
Price/Gross SF
$431.12
Lot Size
1.02 acres
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the brand new retail strip center located just off Interstate-26 in Orangeburg, South Carolina. The multi-tenant property is situated on 1.02 acres and features three units totaling 6,200 square-feet. All tenants are on NNN leases with 10-years remaining on base terms & rent escalations every 5 years, including during the option periods. The property features excellent visibility via St. Matthews Road with a traf?c count of over 22,500 vehicles per day. The strip center is primely located in a high growth retail corridor and sits directly across from Orangeburg-Calhoun Technical College (2,500+ students), and less than 0.5 miles from the Regional Medical Center (285+ Beds). Other national retailers within the immediate surrounding area include CVS, Starbucks, Taco Bell, Chick-Fil-A, McDonald's, alongside numerous national hotels. Known as "the Garden City," Orangeburg, South Carolina, is strategically located near Interstate-26 as it intersects Interstate-95, and sits in between Columbia and the port city of Charleston. The city attracts many visitors such as golfers and nature lovers in addition to being home to Cla?in University (2,000+ students) and South Carolina State University (1,900+ students).

Investment Highlights

  • Brand New Multi-Tenant Strip Center Located in Orangeburg, SC | Located In Close Proximity to the Greater Charleston MSA & Columbia MSA
  • Three Units Totaling 6,200 SF On 1.02 Acres | NNN Leases with Franchise Guarantee from Firehouse Subs 32-Unit Operator
  • Firehouse Subs & Smokers Express Reports Sales on Quarterly Basis
  • 10-Years Remaining on Base Terms | Rent Escalations Every Five Years, Including During Option Periods
  • Property Directly Across from Orangeburg-Calhoun Technical College (2,500 Students) | Less than 0.5 Mile of Interstate-26 & the Regional Medical Center (285+ Beds)

Exclusively Listed By

Shopping Strip

Firehouse Subs Strip | Brand New Build

Listing Price: $2,726,400

Cap Rate
6.25%
Gross SF
6,324
Rentable SF
6,200
Price/Gross SF
$431.12
Lot Size
1.02 acres
Year Built
2022

Investment Highlights

  • Brand New Multi-Tenant Strip Center Located in Orangeburg, SC | Located In Close Proximity to the Greater Charleston MSA & Columbia MSA
  • Three Units Totaling 6,200 SF On 1.02 Acres | NNN Leases with Franchise Guarantee from Firehouse Subs 32-Unit Operator
  • Firehouse Subs & Smokers Express Reports Sales on Quarterly Basis
  • 10-Years Remaining on Base Terms | Rent Escalations Every Five Years, Including During Option Periods
  • Property Directly Across from Orangeburg-Calhoun Technical College (2,500 Students) | Less than 0.5 Mile of Interstate-26 & the Regional Medical Center (285+ Beds)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the brand new retail strip center located just off Interstate-26 in Orangeburg, South Carolina. The multi-tenant property is situated on 1.02 acres and features three units totaling 6,200 square-feet. All tenants are on NNN leases with 10-years remaining on base terms & rent escalations every 5 years, including during the option periods. The property features excellent visibility via St. Matthews Road with a traf?c count of over 22,500 vehicles per day. The strip center is primely located in a high growth retail corridor and sits directly across from Orangeburg-Calhoun Technical College (2,500+ students), and less than 0.5 miles from the Regional Medical Center (285+ Beds). Other national retailers within the immediate surrounding area include CVS, Starbucks, Taco Bell, Chick-Fil-A, McDonald's, alongside numerous national hotels. Known as "the Garden City," Orangeburg, South Carolina, is strategically located near Interstate-26 as it intersects Interstate-95, and sits in between Columbia and the port city of Charleston. The city attracts many visitors such as golfers and nature lovers in addition to being home to Cla?in University (2,000+ students) and South Carolina State University (1,900+ students).

Exclusively Listed By

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