DOLLAR GENERAL | WOODRUFF, SOUTH CAROLINA



INVESTMENT SUMMARY

Purchase Price
$1,339,546

Location
4580 SC-146

Cap Rate
6.40%

Annual Rent
$85,731.00

Building Size
9,100 SF

Land Area
1.62 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
5.25 Years

LEASE EXPIRATION
6/30/2028

Renewal Options

RENT INCREASES
10% at Options

Parking
31 Spaces

Year Built
2013

APN
4-10-00-016.07

Traffic Counts
11,140 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 5.25 Years of Guaranteed Lease Term
- 2013 Build to Suit Construction
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
LOCATION:
- Strategically Located on Highway 146
- Traffic Counts of Approximately 11,140 Vehicles Per Day
- Adjacent to Recently Constructed Self Storage Facility (Woodruff Road Storage)
PROXIMITY FROM WOODRUFF, SOUTH CAROLINA:
- Greenville, SC | 24 Miles
- Columbia, SC | 81 Miles
- Charlotte, NC | 95 Miles
- Augusta, GA | 103 Miles
- Atlanta, GA | 167 Miles
- Knoxville, TN | 187 Miles
- Charleston, SC | 191 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 2,548 Residents | $103,706 Average Household Income
- 3-Mile: 18,952 Residents | $130,067 Average Household Income
- 5-Mile: 51,125 Residents | $123,679 Average Household Income
- 7-Mile: 110,947 Residents | $108,793 Average Household Income
BMW BATTERY ASSEMBLY PLANT - WOODRUFF, SC:
- Located 7 Miles from the Subject Property
- $700 Million Investment
- Will Produce Next Generation Batteries for Fully Electric Vehicles
- Encompasses Over 1 Million Square Feet
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- 19,147 Stores in 47 States as of March 3, 2023
- Ranked #106 on the Fortune 500 List