2650 St Matthews Rd, Orangeburg, SC 29118
- Retail properties & Spaces
- 5,676 SF
- 3.91 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 2650 St Matthews Rd
- Year built
- 2018
- Lot size
- 3.91 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional investment opportunity presents a single-tenant, 5,676 square foot medical office building in Orangeburg, South Carolina, fully occupied by ATI Physical Therapy, a leading provider with over 900 locations nationwide. The property boasts a strong Net Net Net (NNN) lease with 5 years remaining, plus a 5-year option, ensuring long-term income stability. Built in 2018 and extensively renovated in 2023, the building features a new metal roof, updated plumbing, ceiling, flooring, and three HVAC units. The 3.91-acre lot provides ample parking (50 spaces) and potential for future expansion. The current NOI is $100,566, representing a 7.74% cap rate at the asking price of $1,300,000 ($229.03/SF). Rent bumps of $0.50/SF are scheduled beginning October 1, 2026, offering further upside potential. Located at 2650 St Matthews Rd, Orangeburg, SC 29118, this property benefits from its position in a rapidly growing market attracting significant manufacturing companies and experiencing robust job and population growth. This is a rare opportunity to acquire a well-maintained, high-performing medical office building with a strong tenant and significant long-term growth prospects.
Value Estimations
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AI approach
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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
- -80.8412
- Latitude
- 33.5346
