

Dollar General
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
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
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
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
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