FAMILY DOLLAR | ORANGEBURG, SOUTH CAROLINA



INVESTMENT SUMMARY

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

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