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FAMILY DOLLAR | ORANGEBURG, SOUTH CAROLINA

Purchase Price
$1,097,066
Location
2755 Old Edisto Dr
Cap Rate
8.25%
Annual Rent
$90,508.08
Building Size
9,180 SF
Land Area
1.29 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5 Years
LEASE EXPIRATION
06/30/2030
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
10% at Options
Parking
44 Spaces
Year Built
2005
APN
0042250
Traffic Counts
16,536 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 2005 Construction Build-to-Suit Family Dollar
  • 9,180 SF Building | 1.28 Acre Parcel
  • Approximately 5 Years of Guaranteed Lease Term (Lease Exp: June 30, 2030)
  • Two (2) - Five (5) Year Renewal Options
 

RECENT LEASE RENEWAL:

  • Family Dollar Recently Exercised a Renewal Option as Per the Lease Agreement (Requiring No Landlord Concessions)
 

STRONG PERFORMING STORE:

  • Tenant Required to Report Store Sales Annually (Contact Listing Agent for Details)
 

RECENT STORE REMODELS:

  • "H2" Remodel =2020
  • "H2.5" Remodel = 2023
 

NN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsible for Roof & Parking Lot
  • Tenant is Responsible for Maintenance, Repair & Replacement of the 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 in Full
 

PROXIMITY FROM ORANGEBURG, SOUTH CAROLINA:

  • Columbia, SC | 44 Miles
  • Charleston, SC | 75 Miles
  • Augusta, GA | 75 Miles
  • Savannah, GA | 120 Miles
  • Charlotte, NC | 137 Miles
  • Myrtle Beach, SC | 141 Miles
  • Atlanta, GA | 223 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 1,515 Residents | $53,780 Average Household Income
  • 3-Mile: 11,485 Residents | $61,665 Average Household Income
  • 5-Mile: 35,349 Residents | $63,708 Average Household Income
  • 7-Mile: 43,251 Residents | $64,554 Average Household Income

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