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Dollar Tree 9710 Highway 81 S 16,000 SF Retail Building Iva, SC 29655 $1,080,000 ($67.50/SF) 7% Cap Rate
Executive Summary
Corporate-Backed Dollar Tree Lease: 100% leased to Dollar Tree Stores, Inc., an investment-grade tenant rated BBB by S&P.
Attractive 1031 Price Point: Offered at $1,080,000, the Property provides investors a compelling 7.00% cap rate with a manageable basis for 1031 and private investors.
Price PSF Well Below Replacement Cost: At only $67.50 PSF, the offering provides an exceptionally low replacement-cost basis for a 16,000 SF freestanding retail building.
Below-Market Rent Creates Long-Term Value: Dollar Tree pays only $4.75 PSF, creating a low occupancy cost for the tenant and potential upside value through below-market rent economics.
Above-Market Option Rent Increases: The lease includes strong rent growth throughout the option periods, increasing from $4.75 PSF today to $7.75 PSF by the fourth option, representing a 63% increase over the current rent schedule.
Main Thoroughfare Visibility: Located on Highway 81 South, Iva’s primary commercial corridor, with full access, pylon signage, and customer visibility.
Lake-Influenced Rural Trade Area: The Property benefits from proximity to Lake Secession / Lake Hartwell-area demand, surrounding residential neighborhoods, schools, and nearby Anderson, Hartwell, and Abbeville.
Attractive 1031 Price Point: Offered at $1,080,000, the Property provides investors a compelling 7.00% cap rate with a manageable basis for 1031 and private investors.
Price PSF Well Below Replacement Cost: At only $67.50 PSF, the offering provides an exceptionally low replacement-cost basis for a 16,000 SF freestanding retail building.
Below-Market Rent Creates Long-Term Value: Dollar Tree pays only $4.75 PSF, creating a low occupancy cost for the tenant and potential upside value through below-market rent economics.
Above-Market Option Rent Increases: The lease includes strong rent growth throughout the option periods, increasing from $4.75 PSF today to $7.75 PSF by the fourth option, representing a 63% increase over the current rent schedule.
Main Thoroughfare Visibility: Located on Highway 81 South, Iva’s primary commercial corridor, with full access, pylon signage, and customer visibility.
Lake-Influenced Rural Trade Area: The Property benefits from proximity to Lake Secession / Lake Hartwell-area demand, surrounding residential neighborhoods, schools, and nearby Anderson, Hartwell, and Abbeville.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
C
Year Built/Renovated
2007/2021
Price
$1,080,000
Price Per SF
$67.50
Cap Rate
7%
NOI
$75,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.28 AC
Parking
52 Spaces (3.25 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 134-03-08-001 | Improvements Assessment | $55,900 |
| Land Assessment | $12,770 | Total Assessment | $68,670 |
Property Taxes
Parcel Number
134-03-08-001
Land Assessment
$12,770
Improvements Assessment
$55,900
Total Assessment
$68,670
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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