Historical Retail Sale Listing - Dollar General Store

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Dollar General Store

SC Hwy 340 and Hoffmeyer Road, Darlington, SC 29532

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:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Commission Split:
2%
Cap Rate:
8.25%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2009
Lot Size:
1.46 AC
Listing ID
16274645
Last Updated
over 1 year ago

Highlights

  • Excellent 1031 Exchange/Investment Property
  • New Construction
  • New Fifteen (15) Year Lease
  • Strong Performer in Recession (Same Store Sales up 13% Last Quarter)
  • DG Operates Over 8,400 Stores and In Business Since 1939

Description

Free-standing 9,014 sq. ft. retail build-to-suit for Dollar General. Pre-engineered metal building with decorative split-face block and glass storefront. New fifteen year net lease with five 5 year options. Rent is $84,500 in years 1-10 and $87,035 in years 11-15. Ten percent (10%) renatl increases in each of the option periods ($95,739 in years 16-20; $105,312 in years 21-25; $115,844 in years 26-30; $127,428 in years 31-35 and $140,171 in years 36-40). Under construction with scheduled 3rd quarter 2009 delivery to DG.

Large +/- 1.46 acre corner site with over 200 feet of frontage on SC Hwy 340 and over 225 feet of frontage on Hoffmeyer Road (second access point) in a growing area south of downtown Darlington. Site is across from a busy convenience store and is within a mile of Exit 137 on I-20. I-20 connects with I-95 and Florence five miles to the east.

Map of SC Hwy 340 and Hoffmeyer Road, Darlington, SC 29532 (Darlington County)

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Created 6/11/2009