Family Dollar Tree | Columbia MSA
10,500 SF | Retail Building | Bethune, SC 29009 | $1,385,000 ($132/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,385,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $132
Listing Contacts
Don McMinn
Verified Profile
Andrew Koriwchak
Verified Profile
- Property Info
Property Overview
COLUMBIA MSA | 2ND LARGEST CITY IN SC
• This Family Dollar Tree is located 1 hour northeast of Columbia in Bethune, SC.
• Columbia is the capital and the second largest city in South Carolina with a population of over 131,700.
• The University of South Carolina is located in Columbia and is the largest university in South Carolina with a student population of 36,273.
• Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina.
• The Columbia Metropolitan Airport supports over 1.1 million passengers per year and employs over 1,400 people.
• Columbia is the county seat of Richland County.
ADJACENT TO 575,000 SF MANUFACTURING COMPLEX | 700 JOBS
• The subject property is adjacent to a 575K SF Suominen manufacturing plant with 700 jobs.
9 YEAR CORPORATE LEASE
• Dollar Tree renovated & backfilled an existing space and signed a new 10 year lease that commenced in June 2023.
• There are 9 years left on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for taxes, Insurance, HVAC, Utilities, Landscaping, and parking lot repairs under $2,000.
• Landlord responsibilities include Roof, Structure, and parking lot repairs over $2,000.
• The rent increases $0.50/SF in each of the Four, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• This Family Dollar Tree is located 1 hour northeast of Columbia in Bethune, SC.
• Columbia is the capital and the second largest city in South Carolina with a population of over 131,700.
• The University of South Carolina is located in Columbia and is the largest university in South Carolina with a student population of 36,273.
• Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina.
• The Columbia Metropolitan Airport supports over 1.1 million passengers per year and employs over 1,400 people.
• Columbia is the county seat of Richland County.
ADJACENT TO 575,000 SF MANUFACTURING COMPLEX | 700 JOBS
• The subject property is adjacent to a 575K SF Suominen manufacturing plant with 700 jobs.
9 YEAR CORPORATE LEASE
• Dollar Tree renovated & backfilled an existing space and signed a new 10 year lease that commenced in June 2023.
• There are 9 years left on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for taxes, Insurance, HVAC, Utilities, Landscaping, and parking lot repairs under $2,000.
• Landlord responsibilities include Roof, Structure, and parking lot repairs over $2,000.
• The rent increases $0.50/SF in each of the Four, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,124 SF
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