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DOLLAR GENERAL | YEMASSEE, SOUTH CAROLINA

Purchase Price
$688,000
Location
191 Yemassee Hwy
Cap Rate
7.50%
Annual Rent
$51,600.00
Building Size
9,014 SF
Land Area
1.37 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
4.75 Years
LEASE EXPIRATION
12/31/2029
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
10% at Option 1 | 15% at Option 2
Parking
37 Spaces
Year Built
2004
APN
198-09-01-023
Traffic Counts
4,800 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 4.75 Years Remaining in Existing Lease Term (Lease Exp: 12/31/2029)
  • 2004 Build to Suit Construction
  • 9,014 SF - 1.37 Acre Parcel
  • Two (2) - Five (5) Year Options (Opt 1 = 10% & Opt 2 = 15%)
 

NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Parking Lot, HVAC & Structure
  • Tenant Required to Carry Quarterly Maintenance Service Contract for HVAC
  • This Location is Part of Dollar General's National Insurance Program
 

LONG TERM OPERATING HISTORY - 20+ YEARS:

  • Dollar General Has Been Operating at this Location 20+ Years Since 2004
 

AULDBRASS PLANTATION:

  • Located 3.5 Miles from the Subject Property
  • Designed and Built by Famous Architect Frank Lloyd Wright
  • One of the Largest and Most Complex Residential Projects Wright Ever Undertook
  • Added to National Register of Historic Places in 1976
 

CHEROKEE PLANTATION:

  • Located 9.3 Miles from the Subject Property
  • A 7,000-Acre Golf and Sporting Club
  • Limited to a Maximum of 50 Initial Shareholders/Owners
  • Initiation Fee of $1 Million+
  • Donald Steel Designed Golf Course
 

PROXIMITY FROM YEMASSEE, SC:

  • Beaufort, SC | 25 Miles
  • Savannah, GA | 51 Miles
  • Charleston, SC | 60 Miles
  • Augusta, GA | 92 Miles
  • Columbia, SC | 105 Miles
  • Myrtle Beach, SC | 164 Miles
  • Athens, GA | 189 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 3-Mile = 1,362 Residents | $68,440 Average Household Income
  • 5-Mile = 2,417 Residents | $63,653 Average Household Income
  • 7-Mile = 3,439 Residents | $64,196 Average Household Income
  • 10-Mile = 7,102 Residents | $76,505 Average Household Income
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List

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