Historical Retail Sale Listing - Dollar General Store

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Dollar General Store

6385 Savannah Hwy (US Hwy 17), Ravenel, SC 29470

N/A

9,014 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,014 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2006
Lot Size:
1.03 AC
Listing ID
14610677
Last Updated
over 1 year ago

Highlights

  • Excellent 1031/Investment Property
  • Investment Grade Tenant
  • New Construction
  • Ten Year Net Lease (with increases in the 3-5 year options)

Description

A 9,014 square foot build-to-suit retail store for Dollar General. Pre-engineered metal building with decorative split-face block and glass storefront. Paved parking for 35 automobiles. Rent is $58,200 net for years 1-10. Rent increases to $66,900 in option one (years 11-15), $73,620 in option two (years 16-20) and $81,000 in option three (years 21-25). New construction with October 1, 2006 opening.

+/- 1.032 acre site with approximately 150 feet of frontage on US Hwy 17. Traffic count of 17,600 vehicles per day. Situated near intersection with SC Hwy 165, which is the center of Ravenel.

Map of 6385 Savannah Hwy (US Hwy 17), Ravenel, SC 29470 (Charleston County)

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Created 5/8/2006