Dollar General Hickory Grove SC Charlotte NC MSA
Charlotte, NC MSA | 6.50% CAP | 9,100 SqFt
Marketing description
- Located in York County is one of the fastest-growing and most economically dynamic counties in South Carolina.Located in the northern part of the state along the North Carolina border, it is part of the Charlotte MSA
- No grocery within the trade area
- Consistent population growth-1.38% 5-mile
- The site is strategically positioned to all the housing on the going home site of Wylie Avenue, leading to an expansive, rural residential area
- 5% increases every 5 years throughout the lease
- Absolute NNN
Investment highlights
Dollar General at 5774 Wylie Avenue, Hickory Grove, SC offers investors the opportunity to acquire a brand-new, net-leased retail asset in the heart of York County’s growing rural corridor. According to the property summary on page 3, the offering features a 9,100 SF new construction store on 1.971 acres, backed by a corporate guaranty and a 15-year NNN lease with zero landlord responsibilities.
This investment is priced at $1,998,000 and delivers a 6.6% cap rate with NOI of $131,820. The new lease structure includes 5% rent increases every five years and five additional 5-year renewal options, creating durable long-term income growth.
The site benefits from limited grocery competition within the trade area and is strategically positioned along Wylie Avenue to serve surrounding residential communities. Steady population growth within a 5-mile radius and estimated average household income of $83,567. Located approximately 11 miles from York and within the broader Charlotte MSA growth path, this asset combines strong real estate fundamentals, essential retail demand, and the credit strength of one of the nation’s leading discount retailers.
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