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Migos Latin American Restaurant & Market 480 Stonewall Jackson Blvd 8,320 SF Retail Building Orangeburg, SC 29115 $2,077,732 CAD ($249.73 CAD/SF) 8% Cap Rate
Executive Summary
10-Year Lease at 8% Cap Rate
· Approximately 8.5 years remaining on original 10-year lease with 10% rent increases every 5 years and two 5-year renewal options
Signalized Corner with 12,100+ VPD
·Well-built former Family Dollar on a signalized corner with complementary retail including Walmart Neighborhood Store, Dollar General, and Edisto Village Shopping Center
Tenant Invested $500K+ in Improvements
· Unique Hispanic-themed restaurant, grocery and retail concept attracting customers from as far away as Columbia and Charleston with outstanding 5-star reviews
· Approximately 8.5 years remaining on original 10-year lease with 10% rent increases every 5 years and two 5-year renewal options
Signalized Corner with 12,100+ VPD
·Well-built former Family Dollar on a signalized corner with complementary retail including Walmart Neighborhood Store, Dollar General, and Edisto Village Shopping Center
Tenant Invested $500K+ in Improvements
· Unique Hispanic-themed restaurant, grocery and retail concept attracting customers from as far away as Columbia and Charleston with outstanding 5-star reviews
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
C
Year Built
2015
Price
$2,077,732 CAD
Price Per SF
$249.73 CAD
Cap Rate
8%
NOI
$166,219 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
24 Spaces (2.88 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Security System
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 0172-05-11-001.000 | Improvements Assessment | $59,050 CAD |
| Land Assessment | $15,176 CAD | Total Assessment | $74,226 CAD |
Property Taxes
Parcel Number
0172-05-11-001.000
Land Assessment
$15,176 CAD
Improvements Assessment
$59,050 CAD
Total Assessment
$74,226 CAD
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Migos Latin American Restaurant & Market | 480 Stonewall Jackson Blvd
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