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480 Stonewall Jackson Blvd Orangeburg, SC 29115

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For Sale
$1,320,000

Retail property with a new 10-year NNN lease.

Property size:
8,320 SF
Lot size:
1.02 Acres

Property Features for 480 Stonewall Jackson Blvd

General Information

Size
8,320 SF
Lot size
1.02 Acres

Source: Bull Realty, Inc. - Atlanta Agent Nancy Miller

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Repurposed Retail Space with Lease

The property is a repurposed retail space, formerly a Family Dollar built in 2015, now operating as Migos Mexican Market and Restaurant. Over $500,000 in tenant improvements have transformed the space into a Hispanic-themed grocery, restaurant, and retail store. The store opened in March 2023. The property is under a new 10-year NNN lease with 10% rent increases annually. The store is located at a signalized intersection with a traffic volume exceeding 12,000 vehicles per day. Nearby retailers include Walmart Neighborhood Store, Dollar General, and Edisto Village Shopping Center. Within a 5-mile radius, the population exceeds 34,000, with an average annual household income over $55,000. The lease is personally guaranteed by a local businessman who owns a nearby industrial business, including the land and building. Orangeburg is located off Interstate 26, approximately 45 minutes from Columbia and 60 minutes from Charleston. It serves as the county seat of Orangeburg County and is known as 'The Garden City', near Edisto Memorial Gardens. Orangeburg is home to Claflin University and South Carolina State University. The property size is 8,320 square feet.
Insight Report Location Intelligence

Current Use by Public Records

ATM Atm

Suggested Use

Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Walmart

Location Insight

  • Map
  • Local Demand
City
Orangeburg
County
Orangeburg
State
South Carolina
Longitude
-80.866982
Latitude
33.479869

FAQs

What type of property is this?
Grocery and convenience store - Retail property with a new 10-year NNN lease.
Where is this grocery and convenience store located?
The property is located at 480 Stonewall Jackson Blvd Orangeburg, SC.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: - 10-year NNN lease with 10% annual rent increases.; - Desirable 8% cap rate.; - Over $500,000 in recent tenant improvements.
More about this property
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