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28697980
28697981

12920 Hwy 76 W, Gray Court, SC 29645

DW
SC SC 104482
Cushman & Wakefield - Greenville, South Carolina
Listed by Cushman & Wakefield - Greenville, South Carolina
$660,000
186 days on market
Updated 21 days ago

Dollar General

Details
APN 079-02-01-026
Property Type Retail
Sub Type Convenience Store
Square Footage 9,014
Net Rentable (SqFt) 9,014
Cap Rate 6.89%
NOI $45,480
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Expiration 02/28/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options Three (3) 5-year renewal options
Price per SqFt $73
Class B
Year Built 2005
Buildings 1
Stories 1
Acreage 1.110
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated

Dollar General For Sale in Hickory Tavern (Gray Court) South Carolina

Marketing description

This Dollar General property, located along Highway 76 in Gray Court, South Carolina, is being offered for sale at $660,000. Built in 2005, the building measures 9,014 square feet on a 1.1-acre lot. The tenant, Dollar General, operates under a NN+ lease with limited landlord responsibilities. The current lease runs through February of 2030, leaving approximately 4.25 years of term, with three additional five-year options that include rent escalations of roughly 5% each period. Current annual rent is $45,480, increasing to $52,644 by the third option period. Dollar General is the largest U.S. retailer by store count, with over 20,700 locations nationwide, $40.6 billion in annual sales revenue in fiscal year 2024, and an S&P investment-grade credit rating of BBB. The property benefits from a location near the main signalized intersection Hickory Tavern, a rural community in Laurens County. This offering combines a stable, investment-grade tenant, and long-term lease security in a community with excellent discount retail real estate fundamentals.

Investment highlights

  1. Tenant

    • Dollar General Corporation is the largest retailer in the U.S. by store count

    • S&P rated “BBB” (Investment Grade)

    • Ranked #112 on the Fortune 500 List with over 195,000 employees and $40.6B in sales revenue

  2. Lease

    • Dollar General recently renewed its lease for five years and has operated out of this location for 20 years

    • Three 5-year lease option periods remaining with +/- 5% rent increases

    • Limited landlord responsibilities

  3. Location

    • Situated near the main signalized intersection of a rural community

    • 20 minutes from the Walmart Distribution Center and I-385

    • Excellent discount retail fundamentals

Listing Contacts

DW
SC SC 104482
Cushman & Wakefield - Greenville, South Carolina
Listed by Cushman & Wakefield - Greenville, South Carolina

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,480.00
$3,790.00/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

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Additional Information

Name
Drew Walters
License
SC 104482
Brokerage
Cushman & Wakefield
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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