Dollar General | Double Net (NN) Lease

330-332 N Wheeler Avenue, Prosperity, SC

   SOLD!   

$713,660

Price

6.4%

Cap Rate

$45,674

NOI

Overview
Cap Rate
6.4%
NOI
$45,674
Building Size
10,300 sqft
Lot Area
2 acres
Lease Type
Double Net
Year Built
2004
Price Per Sqft
$69.29
Roof & Structure
Landlord’s Responsibility
Utilities
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,300 SF Dollar General Located Directly on Wheeler Avenue in Prosperity, SC. With Over 8 Years Remaining on Its Lease, Dollar General Has Been in Place Since 2004 at This Location and Has Three 5 Year Options to Extend. The 1,200 SF Vacancy Also Provides For Additional Upside and Rental Income, Providing For a Unique Investment.



In Cooperation With: Sands Investment Group Charleston, LLC - Lic. # 20891
BoR: Chris Sands - Lic # 93103

Highlights
  • Dollar General Has Been Operating on This Site Since 2004 and Recently Extended Their Lease an Additional 5 Years, Showing Commitment to the Location
  • Corporate Guarantee From Dollar General (NYSE: DG): BBB Credit Rating
  • Minimal Landlord Responsibilities
  • Dollar General Operates Over 17,266 Stores in 46 States With 2020 Reported Net Sales of $33.7 Billion (21.6% Increase From 2019)
  • Three 5 Year Options to Renew With Attractive Rent Increases Every 5 Years and At Each Option
  • Competitively Priced at $69/SF
  • Upside Potential – Ability to Lease the 1,200 SF Space to Increase Income
  • Located on C R Koon Highway Which Sees 12,900 Vehicles Per Day
  • Situated 5.5-Miles From Interstate I-26 Which Sees Over 44,900 VPD
  • Less Than 10-Miles From Lake Murray Which is a Vacation and Retreat Destination
  • Nearby Tenants Include: Food Lion, BP Gas Station, CITGO, First Citizens Bank, Kiswire and More
Documents

Location
Gallery