DOLLAR GENERAL | ELGIN, SOUTH CAROLINA
INVESTMENT SUMMARY
Purchase Price
$890,667
Location
2552 Main St
Cap Rate
7.50%
Annual Rent
$66,800.04
Building Size
9,014 SF
Land Area
1.14 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.25 Years
LEASE EXPIRATION
03/31/2030
Renewal Options
RENT INCREASES
10% At Options
Parking
34 Spaces
Year Built
2005
APN
E-335-17-00-032
Traffic Counts
16,896 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 5.25 Years Remaining in Existing Lease Term (Lease Exp: 03/31/2030)
- 2005 Build to Suit Construction - 9,014 SF
- Two (2) - Five (5) Year Options
- Option 1 = 9.58% Increase; Option 2 = 9.83% Increase
NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof, Parking Lot, HVAC & Structure
LONG TERM OPERATING HISTORY - 20+ YEARS:
- Dollar General Has Been Operating at this Location 20+ Years
RECENT LEASE EXTENSION - DECEMBER 2024:
- Tenant Just Extended the Lease for an Additional 5 Years through March 31, 2030
STRONG PLACER AI DATA - 189,000 VISITS ANNUALLY:
- Nationwide Rank (1,979 / 18,917) = Top 11%
- Statewide Rank (47 / 635) = Top 8%
- 15-Mile Radius (5 / 23) = Top 22%
PROXIMITY FROM ELGIN, SC:
- Columbia, SC | 24 Miles
- Rock Hill, SC | 64 Miles
- Charlotte, NC | 97 Miles
- Greenville, SC | 117 Miles
- Charleston, SC | 122 Miles
- Savannah, GA | 165 Miles
- Athens, GA | 176 Miles
- Atlanta, GA | 234 Miles
BOOMING POPULATION GROWTH:
- 1-Mile: 3.77% Annually (18.85% Projected Growth Over the Next 5 Years)
- 3-Mile: 3.07% Annually (15.35% Projected Growth Over the Next 5 Years)
- 5-Mile: 1.78% Annually (8.90% Projected Growth Over the Next 5 Years)
- 7-Mile: 1.42% Annually (7.10% Projected Growth Over the Next 5 Years)
TRADE AREA DEMOGRAPHICS:
- 1-Mile = 2,316 Residents | $102,195 Average Household Income
- 3-Mile = 13,934 Residents | $107,405 Average Household Income
- 5-Mile = 45,643 Residents | $115,277 Average Household Income
- 7-Mile = 92,926 Residents | $115,733 Average Household Income