Dollar General New 15 Year Absolute NNN Lease | 4406 SC-187
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Dollar General New 15 Year Absolute NNN Lease 4406 SC-187
10,640 SF Retail Building Starr, SC 29684 $2,735,159 CAD ($257 CAD/SF) 7.25% Cap Rate
Investment Highlights
- New 15 Year Absolute NNN Lease
- Corporate Guarantee
- Scheduled Rental Increases
- Zero Landlord Obligations
- Quality New Construction - Masonry Front and 3 Metal Sides
Executive Summary
This is the exceptional chance to acquire a Dollar General property in Starr,
South Carolina, offering the security of a corporate guarantee. This 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 November 2024. Its advantageous positioning
along U.S. Highway 29 which leads to Anderson, SC.
South Carolina, offering the security of a corporate guarantee. This 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 November 2024. Its advantageous positioning
along U.S. Highway 29 which leads to Anderson, SC.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
C
Year Built
2024
Price
$2,735,159 CAD
Price Per SF
$257 CAD
Cap Rate
7.25%
NOI
$198,299 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
6.21 AC
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Dollar General New 15 Year Absolute NNN Lease | 4406 SC-187
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