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3597 Hwy 11, Travelers Rest, SC 29690

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors
$1,435,200
1 day on market
Updated 1 day ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 7.00%
NOI $100,464
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/30/2036
Remaining Term 10
Rent Bumps Yes
Price per SqFt $158
Class A
Year Built 2021
Acreage 4.200
Zoning Unzoned, Greenville County
Parking Spaces 30 spaces
Parking Per SqFt 3.30
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/15/2021
Ground Lease No
Ownership Fee Simple

Single Tenant Retail | Travelers Rest, SC

Marketing description

Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a Dollar General in Travelers Rest, SC.

Investment highlights

Attractive Long-Term Lease Structure: Absolute NNN lease with approximately 10 years of remaining primary term, featuring 5% rental increases every five years and five 5-year renewal options, providing investors with long-term income growth and cash flow stability.

Zero Landlord Responsibilities: Absolute NNN lease structure with zero landlord responsibilities.

Corporate Dollar General Commitment: Leased to Dollar General, one of the nation's largest discount retailers, operating more than 20,000 stores across the U.S. and Mexico and generating approximately $40.6 billion in annual revenue, demonstrating significant scale and market presence.

Investment-Grade Credit Tenant: The lease is backed by Dollar General, which maintains an S&P BBB investment-grade credit rating, providing investors with enhanced credit quality and income security.

Limited Dollar Store Competition: The property benefits from a strong competitive position, with the nearest dollar store located approximately 5.5 miles away.

Affluent Consumer Base: A 3-mile average household income of $112,150 underscores the area's strong purchasing power and supports long-term tenant performance.

Proximity to Large, Up-Scale Living Community: This property sits directly across the highway (US Hwy 25) from The Cliffs at Mountain Park, a premier 5,000 acre private mountain living community that boasts a golf course ranked as "#59 on Golfweek's Best 2026 top 200 residential Golf Courses in the U.S.

Listing Contacts

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$100,464.00
$8,372.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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