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FAMILY DOLLAR | FLORENCE, SOUTH CAROLINA

Purchase Price
$1,521,444
Location
3216 E Palmetto St
Cap Rate
7.00%
Annual Rent
$106,501.08
Building Size
8,000 SF
Land Area
1.44 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
10.75 Years
LEASE EXPIRATION
9/30/2036
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
10% at Options
Parking
34 Spaces
Year Built
2012
APN
90160-01-034
Traffic Counts
17,360 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE GUARANTEED LEASE:

  • Approximately 11 Years of Guaranteed Lease Term (Lease Exp: September 2036)
  • 2012 Construction - Build-to-Suit Family Dollar
  • 8,000 SF Building | 1.44 Acre Parcel
  • Four (4) - Five (5) Year Option Renewal Options at 10% Rent Increase
 

RECENT LEASE RENEWAL:

  • In February 2026, Family Dollar Extended the Lease for an Additional 9 Years Signifying Their Long Term Commitment to this Location
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsible for Roof & Parking Lot
  • Tenant Responsible for All Asphalt and Concrete Repairs Until the Aggregate Costs Equal $5,000 in any Lease Year
  • Tenant is Responsible for Maintenance, Repair & Replacement of HVAC Units
  • Tenant is Responsible for Lawn and Landscape Maintenance (Snow & Trash Removal), Repairing Parking Area Lights; and Restriping the Parking Lot
  • Tenant Reimburses Property Taxes and Insurance
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 2,272 Residents | $60,467 Average Household Income
  • 3-Mile: 8,676 Residents | $68,197 Average Household Income
  • 5-Mile: 38,462 Residents | $76,651 Average Household Income
  • 7-Mile: 66,982 Residents | $84,612 Average Household Income
  • 10-Mile: 96,229 Residents | $89,204 Average Household Income
 

PROXIMITY FROM FLORENCE, SOUTH CAROLINA:

  • Myrtle Beach, SC | 64 Miles
  • Columbia, SC | 86 Miles
  • Fayetteville, NC | 87 Miles
  • Rock Hill, SC | 100 Miles
  • Charlotte, NC | 107 Miles
  • Charleston, SC | 114 Miles
  • Wilmington, NC | 129 Miles

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