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110 Church St 9,100 SF Retail Building Mc Connells, SC 29726 $1,186,000 ($130.33/SF) 7.50% Cap Rate
Investment Highlights
- Absolute NNN Lease: True triple-net structure with zero landlord responsibilities, offering a passive, management-free investment profile.
- Corporate Guarantee by Dollar General (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization
- Structured Rent Growth: Lease includes 10% rent escalations at the commencement of each of the five (5) five-year renewal options.
- Long-Term Income Stream: Approximately ±7.6 years of remaining primary lease term, ensuring stable and predictable cash flow.
- Investment Grade Tenant: Dollar General is rated BBB by Standard & Poor’s, reflecting strong creditworthiness.
- Essential Retail Use: Serves as a vital source for groceries and household necessities in a rural/suburban market
Executive Summary
Broker of Record
Kyle Matthews
License # 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2018
Price
$1,186,000
Price Per SF
$130.33
Cap Rate
7.50%
NOI
$88,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.80 AC
Zoning
GC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 0400501012 | Improvements Assessment | $78,779 |
| Land Assessment | $10,320 | Total Assessment | $89,099 |
Property Taxes
Parcel Number
0400501012
Land Assessment
$10,320
Improvements Assessment
$78,779
Total Assessment
$89,099
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110 Church St
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