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Chipotle & Tropical Smoothie Cafe 129 & 131 Magnolia Village Pkwy

3,525 SF 100% Leased Retail Building Orangeburg, SC 29118 £2,354,973 (£668/SF) 5.75% Net Initial Yield

Investment Highlights

  • 10-year net leases with corporate (Chipotle) and personal (Tropical Smoothie) guaranty
  • Landlord responsible for roof & structure (manufacturer roof warranty)
  • Located on U.S. Hwy 178 (North Road) a primary retail corridor and in fast-growing Magnolia Village, a 62-acre mixed use development
  • Tenants are responsible for CAM, taxes, insurance and HVAC
  • Rent increases every 5 years
  • Shadow-anchored to a Walmart Supercenter and TJ Maxx, across from Lowe’s Home Improvement and adjacent to Mavis Tires & Brakes

Executive Summary

Under construction build-to-suit, 2-tenant Chipotle and Tropical Smoothie Café shadow-anchored to a top-9% Walmart Supercenter, across from Lowe’s Home Improvement, on U.S. Hwy 178 (North Road) a main retail thoroughfare with 30,023 VPD. Located in front of a U.S. Department of Veterans Affairs Clinic serving approximately a 1,000 veterans per week. Average household income of $83,583 within a 1-mile radius (per CoStar).

Attachments

Chipotle_TropicalSmoothie_OrangeburgSC

Property Facts

Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,525 SF
Year Built
2025
Construction Status
Under Construction
Price
£2,354,973
Price Per SF
£668
Net Initial Yield
5.75%
NOI
£135,411
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.08
Land Acres
0.97 AC
Frontage
779 ft on Magnolia Village Parkway

Links

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PROPERTY TAXES

Parcel Number 0151-00-00-007 Improvements Assessment £0
Land Assessment £25,520 Total Assessment £25,520

PROPERTY TAXES

Parcel Number
0151-00-00-007
Land Assessment
£25,520
Improvements Assessment
£0
Total Assessment
£25,520
(415) 274-7394

  • Listing ID: 33786731

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 129 & 131 Magnolia Village Pkwy, Orangeburg, SC 29118

The Retail Property at 129 & 131 Magnolia Village Pkwy, Orangeburg, SC 29118 is currently available For Sale. Contact CP Partners CRE for more information.

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© 2024 CoStar Group

Chipotle & Tropical Smoothie Cafe | 129 & 131 Magnolia Village Pkwy
(415) 274-7394 x

Chipotle & Tropical Smoothie Cafe | 129 & 131 Magnolia Village Pkwy

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Joseph Caccamo

(415) 274-7394

(415) 274-7394

Lea Kuehnhackl

(415) 274-2700

(415) 274-2700

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