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FAMILY DOLLAR | ST. HELENA ISLAND, SOUTH CAROLINA

Purchase Price
$1,360,000
Location
791 Sea Island Pkwy
Cap Rate
8.25%
Annual Rent
$112,200.00
Building Size
8,000 SF
Land Area
0.73 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.50 Years
LEASE EXPIRATION
01/31/2031
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% in 2028 | 21% at Opt 1 & 10% at Opt 2-3
Parking
25 Spaces
Year Built
2011
APN
R300-016-000-316
Traffic Counts
20,773 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 5.50 Years of Guaranteed Lease Term (Lease Exp: January 31, 2031)
  • 2011 Construction Build-to-Suit Family Dollar
  • 8,000 SF Building | 0.73 Acre Parcel
  • Three (3) - Five (5) Year Renewal Options
  • 21% Rent Increase in Option 1 & 10% Rent Increase in Options 2-3
 

GUARANTEED 10% RENTAL INCREASE IN FEBRUARY 2028:

  • 10% Rental Increase in 2.5 Years (February 1, 2028)
  • Cap Rate Increases to a 9.07% in February 2028 (Assuming a Purchase at List Price)
 

RARE FARM HOUSE STYLE ARCHITECTURE:

  • "Old Country Store" - Upgraded Building Face and Features
  • Hardie-Plank, Shutters, Windows, Vaulted Ceilings, Etc.
 

RECENT STORE REMODEL - 2023:

  • Family Dollar Recently Remodeled the Store in 2023
 

PROXIMITY FROM ST. HELENA ISLAND, SC:

  • Beaufort, SC | 8 Miles
  • Savannah, GA | 50 Miles
  • Charleston, SC | 78 Miles
  • Augusta, GA | 125 Miles
  • Myrtle Beach, SC | 179 Miles
  • Charlotte, NC | 240 Miles
  • Atlanta, GA | 272 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 514 Residents
  • 1-Mile Average Household Income: $98,979
  • 3-Mile Population: 4,639 Residents
  • 3-Mile Average Household Income: $106,293
  • 5-Mile Population: 12,728 Residents
  • 5-Mile Average Household Income: $122,735
  • 7-Mile Population: 35,776 Residents
  • 7-Mile Average Household Income: $109,414

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