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Dollar General | Double Net (NN) Lease

$713,660

330-332 N Wheeler Avenue, Prosperity, SC 29127

Active
Last Updated: 03/02/2022

6.4

Cap Rate

45,674

NOI

Details:
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
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
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

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