DOLLAR GENERAL | WOODRUFF, SOUTH CAROLINA

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
Five (5) - Five (5) Year
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

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