Dollar General 15515 S Highway 11 9,100 SF Retail Building Fair Play, SC 29643 $860,327 ($94.54/SF) 8.25% Cap Rate

This single-tenant net lease (STNL) Dollar General investment offers a stable, long-term income stream backed by a nationally recognized tenant with over 20,000 locations across 48 states. Located at 15515 S. Highway 11 in Fair Play, South Carolina, the ±9,100-square-foot freestanding retail building sits on ±2.71 acres and is positioned just minutes from Lake Hartwell, Interstate 85, and the South Carolina–Georgia border, providing excellent regional connectivity and visibility.
The property is subject to a 15-year absolute NNN lease that commenced in November 2012, with the tenant responsible for all expenses including roof, structure, CAM, taxes, and insurance. The lease includes three five-year renewal options with 10% rent escalations per term, offering built-in income growth and long-term stability. The current base rent of $70,977 yields an attractive 8.25% cap rate, with future escalations pushing returns to nearly 11% by the third option period.
Dollar General Corporation, rated BBB by S&P, guarantees the lease through its subsidiary Dolgencorp, LLC. As the largest small-box discount retailer in the U.S., Dollar General reported $38.7 billion in net sales and $2.4 billion in operating cash flow in fiscal year 2023. This location benefits from the brand’s strong performance and recession-resistant business model, targeting low- to middle-income consumers with essential goods.
This offering presents a rare opportunity to acquire a passive, income-producing asset with a nationally backed tenant in a growing corridor of Oconee County. The fee simple ownership and absolute NNN structure make this an ideal investment for buyers seeking predictable returns and minimal management responsibilities.