2567 Highway 1 N
Cassatt, SC 29032
Dollar General (15-Year NNN) · Retail Property For Sale

Marcus & Millichap is pleased to present for sale, a new construction, freestanding Dollar General in Cassatt, South Carolina. The 15-year lease is Triple-Net (NNN) in which the tenant is responsible for all expenses including roof and structure. The building is 7,500 square feet and sits on a large 2.4 acre parcel. The expected rent commencement date is June 2018. The lease features 10-percent rental increases in each option period (5/5 year options). Dollar General is rated BBB (investment grade) by Standard & Poor’s, which allows investors to place attractive financing on the property if desired. Dollar General is a Fortune 500 publicly traded (NYSE: DG) and operates over 14,000 locations nationwide with a net worth of more than $11.0 Billion. The subject property is located approximately 13 miles north of Camden, 50 miles northeast of Columbia (the capital of South Carolina) and about 75 miles south of Charlotte, North Carolina. The property is located on U.S. Highway 1 is surrounded by economic drivers including Prestage Farms. Inc (100+ employees), Haier North America (360+ employees), Midway Elementary School, and Canal Wood and Timber Company. There are approximately 3,100 people who live within five miles of the property and average household incomes are more than $48,000 annually. Cassatt is located in Kershaw County just outside of Camden, South Carolina. Camden is the oldest inland city in South Carolina with a rich history dating back to pre-Revolutionary War. Cassatt offers its residents and visitors a quiet small town feel while also being only 20 minutes from Camden and less than an hour from Columbia which the largest city and state capital of South Carolina.