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Dollar General 1347 Main St N 9,100 SF Retail Building Allendale, SC 29810 $1,161,637 ($127.65/SF) 6.35% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Across from USC- Salkehatchie Campus
- Upgraded construction
- Corporate Guaranty
Executive Summary
Oswald Cooke & Associates is pleased to offer an Absolute NNN leased Dollar General. The 1.196 acre site is located on Main Street in Allendale, SC. The 9,100 SF building is subject to a 15-Year absolute NNN corporate lease which expires January 2032 with (5) 5-Year renewal options. The lease is subject to 10% rental escalations at each bump. The site is across the street from University of South Carolina Salkahatchie (1,100 Students). Allendale County has a strong tradition in agriculture, producing cotton, grain, watermelon, peaches, peanuts, corn, okra and other crops. The County is proud of it’s rich culture, filled with history and Southern tradition. Beautiful historic homes, churches and cemeteries are plentiful in this side of the region.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,161,637
Price Per SF
$127.65
Cap Rate
6.35%
NOI
$73,764
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.20 AC
Opportunity Zone
Yes
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 | 105-06-03-020 | Improvements Assessment | $25,680 |
| Land Assessment | $4,960 | Total Assessment | $30,640 |
Property Taxes
Parcel Number
105-06-03-020
Land Assessment
$4,960
Improvements Assessment
$25,680
Total Assessment
$30,640
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Dollar General | 1347 Main St N
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