DOLLAR GENERAL | YEMASSEE, SOUTH CAROLINA



INVESTMENT SUMMARY

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

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