This property is Off-Market

2245 Timmonsville Highway
Darlington, SC 29532 ·

9,014 SF · Retail For Sale

N/A

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Dollar General | 11 Yrs Remaining

Price N/A Cap Rate 7.45%
Building Size 9,014 SF Tenancy Single
Property Type Retail Year Built 2009
Property Sub-type Free Standing Bldg Lot Size 1.46 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 18364493 Date Created: 09/19/2013 Last Updated: 12/16/2013

Description

Marcus & Millichap is pleased to present a freestanding-9,014 square foot Dollar General store in Darlington, South Carolina. The property was built in 2009 and sits on 1.46 acres of land located at 2245 Timmonsville Highway.

The offering is a double-net Dollar General with 11 years remaining on the lease. The property was a build-to-suit for Dollar General in 2009. Dollar General signed a 15-year lease in 2009 with a 3 percent increase in year 11 and five five-year options. The lease structure is double-net, with the landlord only being responsible for the roof and structure of the property.

Darlington is a city in Northeastern part of South Carolina and serves as the county seat of Darlington County. Darlington is a historic town with tree-lined streets, beautiful parks, and a downtown public square known for its tobacco farming and the Darlington 500. The population was 6,289 at the 2010 census and is part of the Florence Metropolitan Statistical Area. Darlington is known as a race town, holding the annual NASCAR Southern 500 race at Darlington Speedway as well as the site of the National Motorsports Press Association (NMPA) Hall of Fame.

Highlights

  • Freestanding Dollar General with 11 Years Remaining
  • 3 Percent Increase in Year 11
  • Double-Net Lease / Landlord Responsible for Roof, Structure, Parking Lot, Downspouts and Gutters
  • BBB- Investment Grade Credit Rating by Standard & Poor's
  • Five Five-Year Options / 10 Percent Increases in the Option

Research

2245 Timmonsville Highway, Darlington, SC 29532 (Darlington County)

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