Dollar Tree Combo Store - Greenville MSA | 8158 Highway 14
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Dollar Tree Combo Store - Greenville MSA 8158 Highway 14
10,500 SF Retail Building Gray Court, SC 29645 $3,189,307 CAD ($304 CAD/SF) 6.51% Cap Rate
Investment Highlights
- Dollar Tree (NASDAQ: DLTR, S&P: BBB, Moody’s: Baa2) operates more than 16,000 stores across 48 states and 5 Canadian provinces
- The brand has proven to be internet and recession proof with net sales of $30.6B in 2023, a 30% increase since 2019 (store count increased 9.7%)
- Main and main location at the busiest intersection in the market with the highest traffic counts of 11,700 VPD on Hwy 14
- The company is ranked #137 on the Fortune 500 and has more than 211,000 associates and 25 distribution centers
- 10-year corporate lease with 4 renewal options of 5 years each and $0.50 PSF rent bumps every option
- Only 1.5 miles off I-385 (29,300 VPD) and less than a 30-minute drive to GSP International Airport (2.56M passengers in 2023, a 17% increase from 2022
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of Twin Rivers Capital and present to the marketplace this brand-new Dollar Tree Combo Store net lease investment opportunity in Gray Court, South Carolina (“Dollar Tree” or the “Property”).
The Property was developed in 2023 as Dollar Tree’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county.
Dollar Tree is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Dollar Tree is a leading operator of discount variety stores that have served North America for nearly 70 years.
The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.
The Property was developed in 2023 as Dollar Tree’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county.
Dollar Tree is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Dollar Tree is a leading operator of discount variety stores that have served North America for nearly 70 years.
The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$3,189,307 CAD
Price Per SF
$304 CAD
Cap Rate
6.51%
NOI
$207,475 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.76 AC
Zoning
B-1
Parking
35 Spaces (3.33 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 905-04-04-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $9,174 CAD |
PROPERTY TAXES
Parcel Number
905-04-04-008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,174 CAD
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Power Broker Tyson Glasser -
Lakin Parr -
Trinity Partners
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Dollar Tree Combo Store - Greenville MSA | 8158 Highway 14
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