Citi Trends 15,256 sf store is the center’s newest tenant and the popular women’s fashion store is a nice compliment to Chestnut Square’s unique business mix. Citi Trends has more than 550 stores in 30 states and been business over 60 years. Aaron’s has been a tenant since 2003 and this 10,275 sf company store has been among their higher earing locations. Aaron’s is a market leader in furniture leasing & sales. Family Dollar was an original tenant in the center (since 1980 and their lease was renewed again this year for another 20 years with 10% per term increases. This popular Little Caesars endcap store is among the higher earning stores in the franchisee’s multi-state store portfolio. The San Jose is known by almost everyone in Orangeburg and many residents say it’s their favorite for Mexican food. It’s been a busy Chestnut Square 4,110 sf restaurant since 1997 and is operated by a multi-unit Carolinas stores owner. * The Beauty Mart at Chestnut Square has been the Orangeburg woman’s ‘go to’ store for beauty and hair products destination since 1998. The 7,000 sf store has a huge inventory of popular beauty products and hair items. * The Orangeburg County Sheriff’s Office has been a tenant since 2008. The 5,412 sf space’s office design improvements consist of several private offices, a partitioned separate cubicle area and a conference room, which could be an easily adaptable facility for other professional use offices. * Signatures two tenant spaces are a 2,300 sf women’s hair salon & barber studio, along with a 1,250 sf beauty spa. *

* Tenancies may have enhanced income potential.

67,280 sf Retail Center Investment Opportunity

Chestnut Square Center (58,152 sf) good NOI plus rent increase potential Chestnut Sq. 2 (9,128 sf) nice NOI, or Retail, Office, Self Storage Redo

Located on SR 21/US 178 (Chestnut St.) in Orangeburg, SC

All information contained in this offering has been obtained from reliable sources and is believed to be accurate, but it is not warranted and subject to change, errors, omissions, prior sale, and/or withdrawal without notice. A buyer should perform and solely rely on their own due diligence investigations.

Center� size: 58,152 sf on 6.5 � acres. Comments: Chestnut Square has a complementing

mix of tenants providing affordably

priced retail products, restaurant items

& personal services and the center’s

businesses are resistant to online

competition and economic recessions.

Most (65%) of the tenants are national

credit, three (29%) are multi-location

Carolinas owner/operators and one

(6%) is a local owner. All of the

tenancies have either corporate, or personal guarantees and overall the rents are

below market with substantial upside potential on several of them.

Market Area Orangeburg County residents� support the

local retail market at a rate of 121% and

it�s rated 4th in the state for percentage

capture of retail sales compared to other

SC non-metro areas. Orangeburg is

located near Interstate 26 between two

of South Carolinas� most traveled cities.

Columbia, SC, (the State Capitol) is

about 45 miles north and Charleston, SC

(the popular ocean resort destination &

South Carolinas’ commerce port) is

about 90 miles south.

Location: Like the center of an hour glass� several major traffic routes converge and are

funneled along U.S. 21 & 178 at

this location. The vehicle traffic

count at this

site is among the highest in

Orangeburg County.

2018 VPD: 23,200 This count is one of the

(SCDOT) highest in Orangeburg County.

Demographics: POP: 1 mi. 8,308 • 3 mi. 28,365

(Loopnet 2010) • 5 mi. 48,588. • Avg. HH Inc.:

1 mi. $34,241 • 3 mi. $41,411 �

• 5 mi. $46,554

(Website info) Claflin University: 1,814

students & 333 employees

S.C. State University: 4,900 students & 750 employees. Both universities are

located about 1 mi. SW of Chestnut Square and within a nice walk.

All information contained in this offering has been obtained from reliable sources and is believed to be accurate, but it is not warranted and subject to change, errors, omissions, prior sale, and/or withdrawal without notice. A buyer should perform and solely rely on their own due diligence investigations.

Chestnut Square

CS 2 size: 9,128 sf on .52 � acres. Comments: CS 2 is a retail / office out parcel property located at the SW front entrance of

the Chestnut Square Center. This frontage property has the same good location

and demographic attributes as

Chestnut Square and it’s a prime

redevelopment opportunity, or a

facade change and rent increases.

CS 2 center’s currently leased to

popular local tenants with mo. to

mo. leases in anticipation of a

possible new national tenant use.

Alternative design studies for a 4

space floor plan change & drive-up

Window, or a self storage facility with enhanced profit proformas are available

upon request. CS 2 utilizes the Chestnut Square’s surplus parking lot area and

the two centers are being sold together with separate cap rate values.

General Information Recap

● The two centers are located on Chestnut Street (SC 21 & US 178) in

Orangeburg’�s Primary Population area, between a CVS & Walgreens and a

short walk from the county court annex, SC State and Claflin Universities.

● 67,280 sf total (Chestnut Square is 58,152 sf & CS 2 is 9,128 sf).

● Both real estate properties are surrounded by the city, but are actually in

Orangeburg County and tenants do not collect city sales tax.

Blended CAP Rate Rationale

Chestnut Square: National tenants are 65% @ 7.5 cap,

Carolinas multi-unit, regional tenants are 29% @ 8% CAP

Local tenants are 6% @ 10% CAP

Chestnut Square’s blended CAP Rate value calculation is 7.67%

CS 2: 100% are local tenants @ 10% CAP

Combined Offering Summary

Chestnut Square NOI is $283,430 @ 7.67% CAP = $ 3,692,941

CS 2 NOI is 50,597 @ 10% rate = 505,970

Totals $334,027 combined = $ 4,198,909

Asking Price: $4,170,463 (adjusted for an 8% combined rate offering) B & L: 67,280 sf total improvements = $62 per sf with 7.02 acres. Contact: Don DeLucia, Owner / Commercial Realtor ● LNOPTQNRS RTNUSV CWQXWQNSYWO

o: 866.835.0594 � m: 561.702.9163 � e: don@landtract.com

All information contained in this offering has been obtained from reliable sources and is believed to be accurate, but it is not warranted and subject to change, errors, omissions, prior sale, and/or withdrawal without notice. A buyer should perform and solely rely on their own due diligence investigations.

Chestnut Sq. 2 (CS 2)

Orangeburg County Chamber of Commerce Information

Major County Employers and approximate Employees: Husqvarna 2,000+, Sara Lee Bakery Group 500, Food Lion Distribution Corp. 480, Zeus Industrial Products 450, Koyo Corporation 440, Allied Air Enterprises 380, Albemarle Pharmaceuticals 322, Okonite Corporation 190, Holcim US Corp. 188, Cox Wood Products 152, Dempsey Wood Preserving Products 150, Federal Mogul Friction Corp. 150, North American Container 150, Carolina Fresh Farms 130, Mars Pet Care Products 125, Super Sod 110, H.T. Hackney Corp. 100, Kimlor Products 100, along with a Regional Medical Center, a new 445 acre industrial park, SC State University, Claflin University, Orangeburg-Calhoun Technical College and Southern Methodist College, in addition to a substantial local agriculture industry which are all responsible for Orangeburg’�s thriving economy. Attractive to business and industry, Orangeburg County is enjoying economic growth. Strategically located between Columbia the SC State Capitol and the port city of Charleston, Orangeburg County features a strategic location, excellent infrastructure, positive business climate, nature environments, temperate climate, and an enjoyable quality of life. The past several years have been unprecedented in terms of retail expansion. With the population increases, a rise in per capita income, aggressive marketing efforts and industrial growth, the future of Orangeburg County is exciting. For six years in a row, Orangeburg County has enjoyed record industrial growth. And, in the last six years, more than 4,000 new manufacturing jobs have been created.

ORANGEBURG

Orangeburg, the county seat and most populated city in Orangeburg County, showcases the great natural beauty of the area in its Edisto Memorial Gardens on the North Edisto River. The Santee River Valley and its wide Santee River is also one of Orangeburg’s most famous fishing, boating and nature lovers destinations. One of the Top 20 visitor attractions in South Carolina, the Gardens consist of 150 acres of azaleas, camellias, roses and other flowers spaced among giant oaks and century-old cypress trees. On display are some 4,000 plants representing at least 75 labeled varieties of roses. The site is one of only 27 test gardens in the U.S. sanctioned by All-America Rose Selections Inc. During the summer months, children can cool off and have fun at the Edisto Memorial Gardens Spray Park and in the winter, the Children’s Garden Christmas light display is a wonderland with hundreds of thousands of lights on animated displays and in lighted trees. Recreational facilities abound in the city, including playgrounds, City Gym and Orangeburg Area YMCA along with Hillcrest recreation facility which offers a public golf course, tennis courts, soc-cer fields and baseball/softball fields. Orangeburg is home to two historically black colleges and universities, Claflin University and South Carolina State University. The city’s rich history began in 1704 when an Indian trader named George Sterling was the first to arrive in the area. Orangeburg was called “Edisto” until 1730 when the village’s name was changed to Orangeburg, later Orangeburg, in honor of William IV, the Prince of Orange. In 1735, a colony of 200 Swiss, German and Dutch immigrants formed a community near the banks of the North Edisto River. The General Assembly authorized the construction of a public road connecting Orangeburg and Charleston in 1737. And, the nice Orangeburg residents are the best.

All information contained in this offering has been obtained from reliable sources and is believed to be accurate, but it is not warranted and subject to change, errors, omissions, prior sale, and/or withdrawal without notice. A buyer should perform and solely rely on their own due diligence investigations.