South Carolina Dollar General @ 7 % Return!*
9,100 SF | Retail Building | Greenwood, SC 29649 | $1,244,000 ($137/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,244,000
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $137
Listing Contacts
Edward Wingate
Verified Profile
- Property Info
Property Overview
A BTS Dollar General store with a 15-year abs. NNN corp. guaranteed lease, having (5) five-year options with 10 % rental increases has 6.9 yrs. remaining in the current term.
The AADT for this location is 13,200.
In May ‘24 DG remodeled the interior at their cost / expense showing dedication to the location
Over 50,900 people live within 5 miles of property.
Dollar General (NYSE: DG; S&P – BBB; Fortune # 91) has 19,000 + locations in 47 states, boasting a $ 26.3B market cap. (Aug ’24)
In June ’24 the store had over 14,000 visits by 9200 visitors giving it a 1.52 visitor frequency (Placer.ai)
Priced below replacement cost ($ 148 / Sq.) thus maintaining a real low occupancy cost
Over 37 % of area households earn less than $ 52,000 / yr. making this location an ideal income demographic match for a discount store outlet
Dollar General’s 2023 fiscal year net sales up 2.2 % to $38.7. Same store sales up over 2.2 % from 2023.
An E-commerce, econ. recession, market crash, credit crisis and COVID proof investment most capable of multi-generational income.
Zip code 29649 has a median HH income of $ 62,000 / yr. and a growth rate of 2 % (Placer.ai / CREXi)
The 3 mile ring includes a population of over 19,900 people and 16,700 working employees.
Excellent for a 1031 tax deferred exchange replacement property or for a self-funded acquisition preserving a long-term stable income
Probably the most affordable investment grade credit tenant in the essential business asset class with a corp. guaranteed abs. NNN lease in the state of S.C.
The AADT for this location is 13,200.
In May ‘24 DG remodeled the interior at their cost / expense showing dedication to the location
Over 50,900 people live within 5 miles of property.
Dollar General (NYSE: DG; S&P – BBB; Fortune # 91) has 19,000 + locations in 47 states, boasting a $ 26.3B market cap. (Aug ’24)
In June ’24 the store had over 14,000 visits by 9200 visitors giving it a 1.52 visitor frequency (Placer.ai)
Priced below replacement cost ($ 148 / Sq.) thus maintaining a real low occupancy cost
Over 37 % of area households earn less than $ 52,000 / yr. making this location an ideal income demographic match for a discount store outlet
Dollar General’s 2023 fiscal year net sales up 2.2 % to $38.7. Same store sales up over 2.2 % from 2023.
An E-commerce, econ. recession, market crash, credit crisis and COVID proof investment most capable of multi-generational income.
Zip code 29649 has a median HH income of $ 62,000 / yr. and a growth rate of 2 % (Placer.ai / CREXi)
The 3 mile ring includes a population of over 19,900 people and 16,700 working employees.
Excellent for a 1031 tax deferred exchange replacement property or for a self-funded acquisition preserving a long-term stable income
Probably the most affordable investment grade credit tenant in the essential business asset class with a corp. guaranteed abs. NNN lease in the state of S.C.
Property Details
- Class
- B
- Year Built/Renovated
- 2016/2024
- Stories
- 1
- Property Subtype
- Freestanding, Drug Store
- Lot Size (sq. ft)
- 73,181 SF
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