FAMILY DOLLAR | ST. HELENA ISLAND, SOUTH CAROLINA



INVESTMENT SUMMARY

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

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