NNN Automotive Service
For Sale
Contact for pricing
Pending
1360 Whittaker Parkway, Orangeburg, SC 29115
Corporate-guaranteed double-net lease with scheduled rent increases and renewal options.
Property Size10,370 SF
Lot Size3.79 Acres
Days on Market137
Property Features for 1360 Whittaker Parkway
General Information
Standard status
Pending
Size
10,370 SF
Lot size
3.79 Acres
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$103,200
Additional Details
Road Access
Yes
Building Details
Year Built
1992
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Jake Lurie · License #SL3510801
(813) 488-0853
Source:
Crexi
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 15 at 12:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,370-square-foot automotive service property is leased to Classic Collision under a corporate guarantee. The double-net structure assigns tenant responsibility for expenses other than the roof, structure, and foundation. The lease includes a 10-year initial term, more than 6 years of remaining term, and three 5-year renewal options.
The property occupies 3.79 acres with frontage along Whittaker Parkway in Orangeburg, South Carolina. Nearby commercial operators named in the property information include Walmart, Lowe’s, Chick-fil-A, and Walgreens. Contractual rent increases of 7.5% occur every five years, providing defined escalation within the lease term.
The property occupies 3.79 acres with frontage along Whittaker Parkway in Orangeburg, South Carolina. Nearby commercial operators named in the property information include Walmart, Lowe’s, Chick-fil-A, and Walgreens. Contractual rent increases of 7.5% occur every five years, providing defined escalation within the lease term.
Key Highlights
- 10,370‑square‑foot automotive service property on 3.79 acres
- Corporate‑guaranteed lease with Classic Collision
- More than 6 years of remaining lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,324
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,480
$1.2M
Cap Rate 7%
$876,057
$876.1K
Cap Rate 9%
$681,378
$681.4K
Market Conditions
NOI Build-Up for 10,370 SF
Gross rent
$99.6K $9.60/SF
− Vacancy
−$11.9K −$1.15/SF
EGI
$87.6K $8.45/SF
− OpEx
−$26.3K −$2.53/SF
NOI
$61.3K $5.91/SF
Area
Orangeburg County, SC
Vacancy
12.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,480
Cap Rate 7%
$876,057
Cap Rate 9%
$681,378
Alternative Uses
Best Use
Retail
$876.1K
$766.6K – $1.02M
NOI $61,324 @ 7.0% cap · market cap 4.61%
Second Best
Industrial
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,164 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Hardee's
Dining
11,705 visits/mo
0.3 miles
Citgo
Shops & Services
5,453 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
598 visits/mo
0.4 miles
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed double-net lease with scheduled rent increases and renewal options.
Where is this nnn property located?
The property is located at 1360 Whittaker Parkway Orangeburg, SC.
What is the asking price?
The asking price for this property is $1,331,612.
What are key features of this property?
This property features: 10,370‑square‑foot automotive service property on 3.79 acres; Corporate‑guaranteed lease with Classic Collision; More than 6 years of remaining lease term
