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Family Dollar 3216 E Palmetto St 8,000 SF Retail Building Florence, SC 29506 $1,521,444 ($190.18/SF) 7% Cap Rate
Investment Highlights
- Approximately 11 Years of Guaranteed Lease Term (Lease Exp: September 2036)
- 8,000 SF Building | 1.44 Acre Parcel
- Landlord Responsible for Roof & Parking Lot | Tenant Responsible for HVAC
- 2012 Construction - Build-to-Suit Family Dollar
- In February 2026, Family Dollar Extended the Lease for an Additional 9 Years Signifying Their Long Term Commitment to this Location
- 5-Mile Demographics: 38,462 Residents | $76,651 Average Household Income
Executive Summary
In Cooperation With: Brian Brockman - Bang Realty-South Carolina Inc.
SC License #108250
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$106,501
|
$13.31
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $106,501 |
| Annual Per SF | $13.31 |
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 8,000 SF
- -
- Double Net
- Sep 2036
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 8,000 SF | - | Double Net | Sep 2036 |
Property Taxes
| Parcel Number | 90160-01-023 | Improvements Assessment | $1,706 (2024) |
| Land Assessment | $1,902 (2024) | Total Assessment | $3,608 (2024) |
Property Taxes
Presented by
Family Dollar | 3216 E Palmetto St
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