1360 Whittaker Pkwy Orangeburg, SC 29115
- Retail properties
- 10,370 SF
- 3.79 lot acres
Current Use by Public Records
- Classic Collision / Auto Body Shop / Auto Dent Removal Service
Property Details for 1360 Whittaker Pkwy
- Year built
- 1992
- Lot size
- 3.79 lot acres
- Property size
- 10,370 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 10,370-square-foot auto shop in Orangeburg, South Carolina, currently leased to a credit-rated tenant, Classic Collision, under a triple-net (NNN) lease. The lease commenced April 30, 2021, and has a remaining term of approximately 6.4 years, with three 5-year renewal options extending to April 30, 2031. The property boasts a strong 7.13% cap rate and a current NOI of $98,400, based on a monthly rent of $8,000 ($96,000 annually) with 7.5% rent escalations at years 5, 10, and 15. The asking price is $1,380,000, translating to $133.08 per square foot. The tenant is responsible for all operating expenses, including taxes and insurance, while the landlord is responsible only for the building's structure (exterior walls, floors, slab, foundation, and roof). Located on a 3.79-acre lot at 1360 Whittaker Pkwy, Orangeburg, SC 29115, the single-story, 1992-built property also features two billboards generating approximately $2,400 in annual supplemental income. Classic Collision, a significant national player with over 220 locations across 15 states, ensures a stable and growing tenant base. This is a prime opportunity for a passive income investment with significant long-term potential. The property's APN is 0182-17-03-010.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orangeburg
- County
- Orangeburg
- State
- South Carolina
- Longitude
- -80.8305
- Latitude
- 33.4892
