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30928885

480 Stonewall Jackson St SW, Orangeburg, SC 29115, Orangeburg, SC 29115

JZ
TX TX 375018
Venture Commercial
Venture Commercial
WM
TX 692168
Venture Commercial
Listed by Venture Commercial
$1,518,000
125 days on market
Updated 13 days ago

Migos Latin American Restaurant and Market

Details
Property Type Retail
Sub Type Grocery Store, Restaurant (+1)
Square Footage 8,320
Units 1
Cap Rate 8.00%
NOI $121,440
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 09/01/2034
Remaining Term 8.1
Lease Options Two 5-Year Options
Pro-Forma Cap Rate 8%
Pro-Forma NOI $121,440
Price per SqFt $182
Broker Co-Op Yes
Year Built 2015
Buildings 1
Stories 1
Acreage 1.200
Investment Type Net Lease
Lease Commencement 09/01/2024
Ground Lease No

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

Listing Contacts

JZ
TX TX 375018
Venture Commercial
Venture Commercial
WM
TX 692168
Venture Commercial
Listed by Venture Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$121,440.00
$10,120.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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B-1 CommercialGeneral CommercialGeneral Business District
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Last updated May 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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