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Dollar General 89 Hickman Rd NW 9,100 SF Retail Building Calabash, NC 28467 $1,684,685 ($185.13/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN Lease with No Landlord Responsibilities and ±5.5 Years Remaining
- 2016 Build-to-Suit Construction with Upgraded Concrete Block Façade
- High Traffic Intersection with Over 32,966 Vehicles Per Day
- Investment-Grade BBB Credit Rated National Tenant – Dollar General
- Prime Location in Myrtle Beach MSA with 18.2 Million Annual Visitors
- 10% Rental Increases in Each of Four 5-Year Option Periods
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # C38369, 288917 (NC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # C38369, 288917 (NC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$1,684,685
Price Per SF
$185.13
Cap Rate
7%
NOI
$117,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.06 AC
Zoning
CO-CLD - Retail Trade
Property Taxes
| Parcel Number | 22600020 | Improvements Assessment | $1,616,330 |
| Land Assessment | $589,510 | Total Assessment | $2,205,840 |
Property Taxes
Parcel Number
22600020
Land Assessment
$589,510
Improvements Assessment
$1,616,330
Total Assessment
$2,205,840
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Dollar General | 89 Hickman Rd NW
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