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Dollar General 316 E Greer St 10,640 SF Retail Building Honea Path, SC 29654 $1,361,000 ($127.91/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN Lease Structure: Zero landlord responsibilities, offering a true passive investment with no operational obligations
- Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization exceeding $32billio
- Top-Tier Store Performance: This location ranks in the 86th percentile nationally, according to Alpha Map, indicating superior sales performance.
- Long-Term Lease: More than 8 years of remaining primary lease term, providing durable and predictable cash flow.
- Investment Grade Credit: Dollar General is rated BBB by Standard & Poor's, reflecting strong creditworthiness and financial stability.
- Rent Increases: Features 10% rent escalations at each of the five (5) five-year renewal options, enhancing long-term income growth.
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
10,640 SF
Building Class
B
Year Built
2019
Price
$1,361,000
Price Per SF
$127.91
Cap Rate
7.25%
NOI
$98,673
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.99 AC
Zoning
C-1
Parking
50 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 276-10-01-005 | Improvements Assessment | $77,340 |
| Land Assessment | $11,340 | Total Assessment | $88,680 |
Property Taxes
Parcel Number
276-10-01-005
Land Assessment
$11,340
Improvements Assessment
$77,340
Total Assessment
$88,680
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Dollar General | 316 E Greer St
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