Property Profile

Price Reduction!!!

THE V I L LAGE C ENTER 903 – 945 CHESTNUT STREET • ORANGEBURG, SC 29115

22,311 +/- SQ FT RETAIL CENTER

For Information, Contact: R. Cal Bruner, Jr.

803-535-6208 (Direct Line) ● 803-614-7018 (Cell) Email: cbruner@c21tmg.com ● Website: www.calbruner.com

Century 21 The Moore Group ● 1480 Sims Street ● Orangeburg, SC 29115

LOCATION 903 – 945 Chestnut Street Orangeburg, SC 29115 YEAR BUILT LEASED 1980s 94% ** LEASE TYPE # OF UNITS Gross 13 plus Storage Room SQUARE FOOTAGE LAND AREA 22,311 +/- SF 2.80 +/- Acres PRICE CAP RATE $1,840,000 $1,695,000 8.2 % SCHEDULED INCOME PROJECTED EXPENSES $212,000 $74,000 PROJECTED NET OPERATING INCOME AVERAGE RENT/SF $138,000 $9.50 PROJECTED PROPERTY TAXES TAX MAP # $35,691 0173-06-07-002-000 ** In Process of Several Lease Renewals

INVESTMENT HIGHLIGHTS • Excellent Mix of National, Regional and Local Tenants

• Central Location within the City of Orangeburg with Traffic

Counts of 23,200 Vehicles Per Day on Chestnut and 16,600 Vehicles Per Day on St. Matthews Road as per SCDOT 2018 Traffic Study.

• 175 + Parking Spaces ● Partial Resurfacing of Parking Lot and Entire Parking Lot Resealed & Re-Striped in June 2019

• Pylon Sign

• 4 Points of Ingress & Egress ● Chestnut Street, Ellis Avenue,

George Street and Public Street

• Sale includes 2 Additional Sites(0.27 +/- Acres Each) Suitable for Expansion of Leasable Square Footage

• The City of Orangeburg’s Department of Public Utilities serves the property with City Sewer, Water, Electric & Gas.

• Property has been well maintained over the years with Recent Improvements to: the Roof, Exterior Painting, Replacement of HVAC Units as needed, Parking Lot Repairs, New Main Panel in Pylon Sign and More.

SCHEDULED INCOME: $212,000 (GROSS POTENTIAL RENT) EXPENSES: PROJECTED REAL ESTATE TAXES: $ 35,691 INSURANCE: $ 6,160 PROPERTY MANAGEMENT: $ 16,972 UTILITIES: $ 6,243 REPAIRS: $ 3,664 ACCOUNTING/LEGAL: $ 200 CAM: $ 5,070 TOTAL EXPENSES: $74,000

TENANT LIST Unit Tenant Name Unit Address Sq Ft

#

1 Save The Children 903 Chestnut 2400

2 Hertz 907 Chestnut 1640

3 Direct General 911 Chestnut 1320

4a Credit Central 919 Chestnut 1534

4b Covington Credit 921 Chestnut 1584

5 Lowcountry Preg 923 Chestnut 2000

6 Nail Salon 927 Chestnut 1600

7a Hospice Care of SC 929 Chestnut 1440

7b Martin Digital 931 Chestnut 1350

7c Gates Finance & Tax 935 Chestnut 1280

7d Back Room 940 George 600

8 Edward Jones 937 Chestnut 1180

9 Pizza Hut 941 Chestnut 1640

10 Boost Mobile 945 Chestnut 2400

PROJECTED NET OPERATING INCOME: $138,000

The primary trade area population of the Greater Orangeburg Area (5 +/-

Mile Radius) is estimated to be 54,990, a figure which includes more than

half the residential population of Orangeburg County. It should be noted

that the daytime population of the primary trade area is likely higher

than this number. (Numbers are per a market study completed in June

2014 – Full Report is Available if needed).

TOP PRIVATE EMPLOYERS Source: Central SC records and Reference USA (2019)

COMPANY EMPLOYEES Husqvarna 2,000 Zeus Industrial Products Inc. (2 locations) 717 Koyo Corporation of USA 580 Food Lion Distribution Center 500 Allied Air Enterprise Inc. 400 SI Group 322 GKN Aerospace 300 Bimbo Bakeries USA 250 The Okonite Company 236 Koppers Utility & Industrial Products 208 North American Container Corp. 200

EMPLOYMENT April 2019

Source: US Bureau of Labor Statistics

Labor Force: 34,943 Employment: 33,355 Unemployment: 1,558 Unemployment Rate: 4.5% Per Capita Income: $31,575 Annual Unemployment Rate 2017: 7.1% 2016: 8.6% 2015: 10.7%

DEMOGRAPHICS (2018 ESTIMATED)

1 MILE 3 MILES 5 MILES TOTAL POPULATION: 8,064 27,457 44,661 AGE DISTRIBUTION: 33.5 38 38.5 AVG. HOUSEHOLD INCOME: $34,101 $41,748 $44,661 TOTAL CONSUMER SPENDING: $39.61M $182.61M $254.46M

General Information for the Area within 1-5 Miles of Chestnut Street, Hwy 601 N & I-26 (Exit 145-A)

Two (2) Universities & One (1) College:

South Carolina State University: 760 employees & 3,054 Students

Claflin University: 225 employees & 2,000 Students

Orangeburg Calhoun Technical College: 220 employees & 3,060 Students

The Regional Medical Center: 313 Bed Facility with 1,200 Employees & 11,547 Admissions

Orangeburg County School District 5 Technology Center: 48 Staff & 800 Students

Recent Expansions:

The Regional Medical Center: New $6.8 Million, 16,000 square foot Dialysis Access Institute

OC Technical College: New $12 Million Health Science Facility

Husqvarna: New $29 Million, 513,000 square foot Distribution Center

Okonite: New $19.5 Million Expansion to its Rewind Bldg by 12,600 SF & its Manufacturing building by 49,000 SF

Cox Industries: $11.2 Million Expansion & Upgrade to Facilities

GKN Aerospace: $20 Million Additional Manufacturing Facility Adjacent to Current 150,000 sq. ft. Facility

Bimbo Bakeries: $9.3 Million Renovation/Expansion with Equipment Upgrade

Koyo Bearing: $10 Million New Equipment & Machinery Upgrade

In 2015, Orangeburg County alone saw $97.7 million in investment and 164 net new jobs not including temporary or seasonal jobs.

Other Major Developments are in Various Stages and will be announced in the Upcoming Months including the Addition of:

New Department of Social Services Facility: 29,000 Sq Ft facility w/250 + Employees

New Charter School for Health Professions: 16,500 Sq Ft facility w/450 + Students and Staff

New Felton Lab Charter School: 50,000 Sq Ft facility w/450 + Students and Staff

New Department of Social Services Facility: 29,000 Sq Ft facility w/250 + Employees

The Opening of Magnolia Village, a 60 Acre Mixed Use Commercial Development, located on Hwy 178 North next to WalMart.

The Construction of the $17 Million City of Orangeburg’s New Baseball/Softball Complex located off Hwy 178 behind WalMart & Magnolia Village.

30,000 square foot Nursing Building under construction at O-C Technical College