Dollar General Absolute NNN Lease

1510 U.S. 321, Winnsboro, SC

$1,727,262

Price

6.5%

Cap Rate

$112,272

NOI

Overview
Cap Rate
6.5%
NOI
$112,272
Building Size
10,640 sqft
Lease Type
Absolute Net
Description

PROPERTY DESCRIPTION
This is the exceptional chance to acquire a Dollar General property in Winnsboro, South Carolina, offering the security of a corporate guarantee. This prime asset features a brand-new absolute NNN lease that places no obligations on the landlord, spanning a generous 15-year term. The lease further presents the tenant with five consecutive 5-year renewal options, each accompanied by a 5% rent increases every 5 years. Boasting a recently constructed structure showcasing a standard masonry front and three metal sides, the store officially opens its doors in January 2024. Its advantageous positioning along U.S. Highway 321 which leads to Columbia, SC.

LOCATION DESCRIPTION
Winnsboro is located east of the center of Fairfield County. U.S. Route 321 and South Carolina Highway 34 bypass the town on the west side. US 321 Business passes through the center of town on Congress Street. US 321 leads north 25 miles (40 km) to Chester and south 28 miles (45 km) to Columbia. SC 34 leads southeast 11 miles (18 km) to Ridgeway and west 36 miles (58 km) to Newberry. SC 200 leads northeast 19 miles (31 km) to Great Falls. The unincorporated community of Winnsboro Mills borders the south side of Winnsboro.

Highlights
  • New 15 year Absolute NNN lease
  • 100% fee simple interest
  • Zero landlord obligations
  • Scheduled increases in rent
  • Corporate guaranty
  • Quality new construction with standard masonry front and 3 metal sides
  • Well positioned along US Highway 321
Documents
Title
Dollar_General_-_Winnsboro__SC.pdf
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Location
Gallery