201 N Emerald Rd 7,040 SF Retail Building Greenwood, SC 29646 $795,789 ($113.04/SF) 7.60% Cap Rate

This offering presents an attractive opportunity to acquire a Dollar General property on a Modified NNN lease in Greenwood, South Carolina. Built in 2004 and totaling approximately 9,020 square feet, the asset occupies a ±0.96-acre parcel. Dollar General, a nationally recognized retailer with consistent sales performance, operates under a lease that provides stable and predictable income for investors seeking durable cash flow.
The property currently generates an NOI of $60,480, with a cap rate of 7.6% based on the asking price of $795,789. The existing lease runs through December 31, 2028, with two additional 5-year extension options featuring 10% rent escalations in each option period—offering long-term revenue growth potential.
Strategically situated along Emerald Road, the site benefits from strong regional accessibility and proximity to major retailers such as Walmart, Family Dollar, and other national brands, ensuring steady consumer traffic. Greenwood’s central location offers convenient connectivity to Greenville, Augusta, and Columbia, all within approximately 60 to 80 miles, as well as larger metro centers like Charlotte and Atlanta within a two- to three-hour drive.