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29707493
29707494

316 E Greer St, Honea Path, SC 29654

CK
GA 413436
Matthews
Listed by Matthews
$1,361,000
151 days on market
Updated 151 days ago

Dollar General

Details
Property Type Retail
Sub Type Dollar Store
Square Footage 10,640
Cap Rate 7.25%
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+12)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options 5, 5 Year Options
Price per SqFt $128
Year Built 2019
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Dollar Store | 7.25% Cap rate | 10,640 SF | Absolute NNN

Investment highlights

  • Absolute NNN Lease Structure: Zero landlord responsibilities, offering a true passive investment with no operational obligations.

  • Long-Term Lease: More than 8 years of remaining primary lease term, providing durable and predictable cash flow.

  • Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization exceeding $32billion (as of January 2026).

  • Investment Grade Credit: Dollar General is rated BBB by Standard & Poor’s, reflecting strong creditworthiness and financial stability.

  • Top-Tier Store Performance: This location ranks in the 86th percentile nationally, according to Alpha Map, indicating superior sales performance.

  • Rent Increases: Features 10% rent escalations at each of the five (5) five-year renewal options, enhancing long-term income growth.

  • Essential Retailer: Functions as a key provider of groceries and daily necessities, anchoring retail demand in a rural/suburban trade area.

  • Strong Retail Synergy: Located within a close proximity to other strong retailers like CVS, Food Lion, Burger King, O’Reilly Auto Parts, etc.

  • Strong Population Growth: The 1-Mile Population is expected to grow by almost 10% in the next 5 years.

Listing Contacts

CK
GA 413436
Matthews
Listed by Matthews

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Map

Zoning

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GC CommercialGeneral CommercialGeneral Commercial
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Last updated May 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Kyle Matthews
License
22684 (SC)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave., Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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