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FAMILY DOLLAR | FLORENCE, SOUTH CAROLINA

Purchase Price
$1,360,000
Location
3216 E Palmetto St
Cap Rate
7.83%
Annual Rent
$106,501.08
Building Size
8,000 SF
Land Area
1.44 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
10.25 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 10.25 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: 2,339 Residents | $66,565 Average Household Income
  • 3-Mile: 8,815 Residents | $73,377 Average Household Income
  • 5-Mile: 38,421 Residents | $81,934 Average Household Income
  • 7-Mile: 66,303 Residents | $88,910 Average Household Income
  • 10-Mile: 96,636 Residents | $94,580 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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