DOLLAR GENERAL | EASLEY, SOUTH CAROLINA

Purchase Price
$720,000
Location
3711 Farrs Bridge Road
Cap Rate
7.00%
Annual Rent
$50,400.00
Building Size
9,014 SF
Land Area
0.89 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
3 Years
LEASE EXPIRATION
01/31/2025
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
5% at Options
Parking
46 Spaces
Year Built
2005
APN
5131-02-86-9102
Traffic Counts
11,148 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 3 Years Remaining in the Existing Lease Term
  • Three (3) - Five (5) Year Option Periods with 5% Rental Increases
  • Strong Operating History in Excess of 17 Years
 

NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure, HVAC & Parking Lot
  • Tenant is Responsible for All Repair Less than $500 Per Occurrence
 

PROXIMITY FROM EASLEY, SOUTH CAROLINA:

  • Greenville, South Carolina | 12 Miles
  • Athens, Georgia | 87 Miles
  • Columbia, South Carolina | 114 Miles
  • Charlotte, North Carolina | 117 Miles
  • Atlanta, Georgia | 138 Miles
  • Knoxville, Tennessee | 176 Miles
  • Charleston, South Carolina | 224 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 1,001 Residents
  • 1-Mile Average Household Income = $80,974
  • 3-Mile Population = 6,843 Residents
  • 3-Mile Average Household Income = $77,068
  • 5-Mile Population = 34,216 Residents
  • 5-Mile Average Household Income = $68,309
  • 7-Mile Population = 104,012 Residents
  • 7-Mile Average Household Income = $65,420
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,000 Stores in 46 States as of November 13, 2021
  • Ranked #91 on the Fortune 500 List

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