DOLLAR GENERAL | EASLEY, SOUTH CAROLINA
INVESTMENT SUMMARY
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
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