Family Dollar, NNN Lease Investment Opportunity | 7.5% Cp Rate

Highlights

• Rare absolute 15-year absolute NNN lease has approximately 5.5 years remaining on the initial term with CPI Rent increases every 3 years and six 5-year renewal options
• Strategically located just off Interstate 95 with combined traffic counts of over 110,000 vehicles per day including the store’s exposure on Highway 78
• This busy corridor serves travelers and locals with many restaurants, convenience/gas, grocery stores, hotels, QSR’s and more
• Ranked by Placer.ai in the Top 25% of Family Dollars in South Carolina with a successful and established location
• Conveniently located in the Tri-County region, with an easy drive to Charleston, Columbia and Orangeburg

Description

This absolute NNN Family Dollar in St. George South Carolina is strategically located just off busy Interstate 95, the primary US east coast north/south artery where traffic counts are 51,600 vehicles per day to the north of the exit and 50,100 vehicles per day to the south of the exit. St. George is part of the Tri-County Region which includes Dorchester, Orangeburg and Berkeley Counties. It is an easy commute to Charleston, Columbia and Orangeburg.

This attractive, ±8,320 SF Family Dollar was built in 2015 and sits on a large ±1.19-acre site. It is situated on US Highway 78 that has almost 10,000 vehicles per day. In addition to proximity to Interstate 95, traffic generators include the following retail and hotel establishments: RaceTrac, Food Lion, McDonald’s, Auto Zone, Hardee’s, Days Inn, Flying J Travel Center, Denny’s, Hardee’s, Tractor Supply Company, Red Roof Inn, Budget Inn, Dunkin’, Econo Lodge, Pizza Hut, and a Ford dealership.

The initial NNN term of 15 years has approximately 5.5 years remaining with rare CPI rent bumps every 3 years (not to exceed 6%) and six 5-year renewal options. There are no landlord responsibilities.

This established and successful location is ranked in the top 25% of the 212 Family Dollar stores in South Carolina according to Placer.ai. It has a strong guaranty by Family Dollar, a subsidiary of Dollar Tree with 16,590 locations operating under the Dollar Tree, Family Dollar and Dollar Tree Canada brands throughout the US & Canada. This rare NNN Family Dollar is priced at $1,650,550 and a 7.5% cap rate.

This property is located in St. George, South Carolina.