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Chipotle & Tropical Smoothie Cafe

$2,875,000

129 & 131 Magnolia Village Parkway, Orangeburg, SC 29118

Active
Last Updated: 04/03/2025

6

Cap Rate

172,500

NOI

Details:
Cap Rate:    6%
NOI:    $172,500
Building Size:    3,525 sqft
Lot Area:    0.97 acres
Year Built:    2024
Tenancy:    Multiple
Highlights:
  • 10-year net leases with corporate (Chipotle) and personal (Tropical Smoothie) guaranty
  • Tenants are responsible for CAM, taxes, insurance and HVAC
  • Landlord responsible for roof & structure (manufacturer roof warranty)
  • Rent increases every 5 years
  • Located on U.S. Hwy 178 (North Road) a primary retail corridor and in fast-growing Magnolia Village, a 62-acre mixed use development
  • Shadow-anchored to a Walmart Supercenter and TJ Maxx, across from Lowe’s Home Improvement and adjacent to Mavis Tires & Brakes
Description:

Under construction build-to-suit, 2-tenant Chipotle and Tropical Smoothie Café shadow-anchored to a top-9% Walmart Supercenter shopping center, 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).

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Documents:
Title
Chipotle_TropicalSmoothie_OrangeburgSC.pdf
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