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Dollar General "Market" Store - Johnston, SC 424 Lee St 12,687 SF 4-Star Retail Building Johnston, SC 29832 $2,697,777 ($212.64/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General "MARKET" w/15 YR NNN Lease w/ Corporate Guaranty by Dolgencorp, LLC
- 7,100 VPD on Lee St. & 3,600 VPD on Calhoun St.
- Located 20 miles from Aiken, SC and 50 miles to Columbia, SC
- Rent Increases 5% every 5 Yrs in Primary Term plus options
- Opened January 2025
- S&P BBB Investment Grade Credit - DG $40.6 Billion in Sales in Fiscal 2024
EXECUTIVE SUMMARY
• NEW DG “Market” Store opened January 2025
• Rent Increases 5% every 5 Yrs in Primary Term plus options
• 15 YR NNN Lease w/ Corporate Guaranty by Dolgencorp, LLC
• 7,100 VPD on Lee St. & 3,600 VPD on Calhoun St.
• Located 20 miles from Aiken and 50 miles to Columbia
• Dollar General has over 20,500 Stores in 48 States; 34 Distribution Centers
• S&P BBB Investment Grade Credit $40.6 Billion in Sales in Fiscal 2024
This Dollar General “Market” store is located in the heart of town on the main thoroughfare
that runs through Johnston. This store is the “Market” prototype concept size which is a
larger store with added cooler/freezer space to accomodate the growing demand for fresh
meat and vegatables. There is no national chain grocery store in Johnston which will make
this DG Market a thriving place to support the local grocery needs.
• Perfect 1031 Exchange Property
• DG Ranked #112 on Fortune 500 List
• Rent Increases 5% every 5 Yrs in Primary Term plus options
• 15 YR NNN Lease w/ Corporate Guaranty by Dolgencorp, LLC
• 7,100 VPD on Lee St. & 3,600 VPD on Calhoun St.
• Located 20 miles from Aiken and 50 miles to Columbia
• Dollar General has over 20,500 Stores in 48 States; 34 Distribution Centers
• S&P BBB Investment Grade Credit $40.6 Billion in Sales in Fiscal 2024
This Dollar General “Market” store is located in the heart of town on the main thoroughfare
that runs through Johnston. This store is the “Market” prototype concept size which is a
larger store with added cooler/freezer space to accomodate the growing demand for fresh
meat and vegatables. There is no national chain grocery store in Johnston which will make
this DG Market a thriving place to support the local grocery needs.
• Perfect 1031 Exchange Property
• DG Ranked #112 on Fortune 500 List
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,687 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,697,777
Price Per SF
$212.64
Cap Rate
6.75%
NOI
$182,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.39 AC
Zoning
C - Commercial
Parking
50 Spaces (3.94 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 180-14-02-034-000 | Improvements Assessment | $0 |
| Land Assessment | $310 | Total Assessment | $310 |
PROPERTY TAXES
Parcel Number
180-14-02-034-000
Land Assessment
$310
Improvements Assessment
$0
Total Assessment
$310
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Dollar General "Market" Store - Johnston, SC | 424 Lee St
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