Property summary
Exceptional investment opportunity: a 4,050 square foot 7-Eleven convenience store and gas station located at 3467 Five Chop Rd, Orangeburg, SC 29115. This 2023-built property sits on a 5-acre lot, boasting a strong 5.50% cap rate and a substantial net operating income (NOI) of $351,052. The property benefits from a 15-year net lease with a corporate guarantee from 7-Eleven, the world's largest chain store operator (S&P rated A), commencing May 1, 2023, and expiring May 1, 2038. The lease includes 8% rent bumps in options. The property is strategically located just off I-26 (approximately 56,000 vehicles per day) and Five Chop Road (approximately 10,000 vehicles per day), seven miles from South Carolina State University and Orangeburg Municipal Airport, serving a population of over 85,000 in Orangeburg County. This is a ground lease with a remaining term of 13.6 years, expiring May 1, 2038. The asking price is $6,382,764, translating to $1,575.99 per square foot. The property is currently 100% occupied. This turnkey investment offers exceptional stability and significant long-term growth potential in a thriving market near Columbia, Charleston, and Augusta.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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