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32775091

1376 Red Bluff Road, Loris, SC 29569

Cypress Commercial & Investment Real Estate
Listed by Cypress Commercial & Investment Real Estate
$2,486,031
17 days on market
Updated 15 days ago

New Dollar General I Myrtle Beach MSA

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,566
Cap Rate 6.5%
NOI $161,592
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15.1
Lease Expiration 10/01/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options Five (5), Five (5) Yr Options with 5% increases
Price per SqFt $235
Class A
Year Built 2025
Acreage 2.000
Zoning Commecial
Parking Spaces 36 spaces
Parking Per SqFt 3.41
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2025
Ground Lease No
Sale Condition 1031 exchange

15 YR NNN I 5% Increases Every 5 YRS I One of Fastest Growth Counties in US

Marketing description

This new Dollar General store is located in the path of strong growth between N. Myrtle Beach and Loris, SC. It is well located on Red Bluff Rd. (Hwy 31). Horry County is the 44th fastest growth county in the US and one of the fastest in South Carolina.

This Dollar General is a front entry store on a 2 AC lot. The store is located about 15-20

minutes from Conway and 20 minutes from North Myrtle Beach. This is an excellent investment for an investor looking for a long term NNN lease coupled with a strong national credit tenant in a high growth area. New residential growth is pushing outward at a rapid pace from Myrtle Beach, SC this store is positioned to support the growth of the area.

Investment highlights

• New Dollar General Store in one of US Fastest Growth Counties

• 15 YR NNN Lease w/ Corporate

Guaranty by Dolgencorp, LLC

• Rent Increases 5% every 5 Yrs in

Primary Term

• Horry County- One of South Carolina’s

fastest growing counties

• Close Proximity to North Myrtle Beach

• 5,600 VPD on Red Bluff Rd.

• Dollar General has over 20,893 Stores in

48 States; 34 Distribution Centers

• S&P BBB Investment Grade Credit $42.7

Billion in Sales in Fiscal 2025

• Perfect 1031 Exchange Property

• DG Ranked #111 on Fortune 500 List

Listing Contacts

Cypress Commercial & Investment Real Estate
Listed by Cypress Commercial & Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$161,592.00
$13,466.00/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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