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New Construction DG 5% Increases Latta, SC 2021 Highway 917 W

10,640 SF Retail Building Latta, SC 29565 $2,459,719 CAD ($231 CAD/SF) 6.75% Cap Rate

Retail Buildings South Carolina Latta 2021 Highway 917 W, Latta, SC 29565

Investment Highlights

  • Excellent Visibility and Access
  • Right Off I-95

Executive Summary

5% rent increase every five (5) years
Located on Hwy 38 with 10,400 VPD
Conveniently located to collect commuter traffic to Latta and Myrtle Beach - U.S. News and World Report named Myrtle Beach, S.C. the fastest growing place in America for the third year in a row and is one hour east of Latta
Located 1 mile off Interstate 95
Excellent investment for a passive investor
Brand New Construction
New LED Lighting Interior & Exterior
NNN – Zero Landlord Responsibilities
15-Year initial term NNN lease
Five (5) year options
Opened January 2024

Attachments

Dollar General Latta, SC Sept 2024

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2024
Price
$2,459,719 CAD
Price Per SF
$231 CAD
Cap Rate
6.75%
NOI
$166,031 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General
  • Retailer
  • 10,640 SF
  • -
  • Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Retailer 10,640 SF - Net -
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2021 Highway 917 W, Latta, SC - aerial map view
(843) 437-7310

Contact

  • Listing ID: 31141559

  • Date on Market: 2023-10-10

  • Last Updated:

  • Address: 2021 Highway 917 W, Latta, SC 29565

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2021 Highway 917 W, Latta, SC for sale Building Photo- Image 1 of 3
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2021 Highway 917 W, Latta, SC for sale Aerial- Image 2 of 3
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New Construction DG 5% Increases Latta, SC | 2021 Highway 917 W
(843) 437-7310 x

New Construction DG 5% Increases Latta, SC | 2021 Highway 917 W

Catherine Vaughn

(843) 437-7310

(843) 437-7310

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