Migos Latin American Restaurant and Market
Retail | 8.00% CAP | 8,320 SqFt
Marketing description
Migos Latin American Market & Restaurant at 480 Stonewall Jackson St SW, Orangeburg, SC 29115 offers investors the opportunity to acquire a high-yield, single-tenant retail asset on a signalized corner in a strong Orangeburg retail corridor. This ±8,320 SF former Family Dollar, built in 2015 and situated on ±1.02 acres, is leased to Migos LLC on a double net structure with a personal guarantee.
The property features approximately 8.5 years remaining on the initial 10-year lease term, with 10% rent increases every five years and two 5 year renewal options, providing attractive built-in income growth. Current NOI is $121,440, offered at an 8.00% cap rate.
Migos has invested more than $500,000 in transforming the building into a vibrant Hispanic-themed restaurant, grocery, and retail destination that draws customers from Orangeburg and surrounding markets including Columbia and Charleston. Positioned along Stonewall Jackson Blvd with 12,100+ vehicles per day, the site benefits from excellent visibility and access near Walmart Neighborhood Market, Harbor Freight, and Edisto Village Shopping Center.
This is a compelling net leased investment combining stable cash flow, proven tenant commitment, and a strategic retail location.
Investment highlights
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
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