Dollar Tree Combo Store - Greenville MSA
10,500 SF | Retail Building | Gray Court, SC 29645 | $2,250,000 ($214/SF) | 6.51% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,250,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $214
Listing Contacts
Tyson Glasser
Verified Profile
Lakin Parr
Verified Profile
- Property Info
Property Overview
Trinity Partners is proud to serve as exclusive listing broker on behalf of Twin Rivers Capital and present to the marketplace this brand-new Dollar Tree Combo Store net lease investment opportunity in Gray Court, South Carolina (“Dollar Tree” or the “Property”).
The Property was developed in 2023 as Dollar Tree’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county.
Dollar Tree is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Dollar Tree is a leading operator of discount variety stores that have served North America for nearly 70 years.
The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.
The Property was developed in 2023 as Dollar Tree’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county.
Dollar Tree is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Dollar Tree is a leading operator of discount variety stores that have served North America for nearly 70 years.
The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront, Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 76,666 SF
Highlights
- Dollar Tree (NASDAQ: DLTR, S&P: BBB, Moody’s: Baa2) operates more than 16,000 stores across 48 states and 5 Canadian provinces
- The company is ranked #137 on the Fortune 500 and has more than 211,000 associates and 25 distribution centers
- The brand has proven to be internet and recession proof with net sales of $30.6B in 2023, a 30% increase since 2019 (store count increased 9.7%)
- 10-year corporate lease with 4 renewal options of 5 years each and $0.50 PSF rent bumps every option
- Main and main location at the busiest intersection in the market with the highest traffic counts of 11,700 VPD on Hwy 14
- Only 1.5 miles off I-385 (29,300 VPD) and less than a 30-minute drive to GSP International Airport (2.56M passengers in 2023, a 17% increase from 2022
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