Harrison Capital Advisors
Listed by Harrison Capital Advisors
$2,486,031
NNN Dollar General Store I N. Myrtle Beach_Loris, SC (SC31)
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,566
Cap Rate 6.50%
NOI $161,592
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 08/31/2040
Rent Bumps Yes
Year Built 2025
Acreage 2.000
Zoning Commercial
Parking Spaces 36 spaces
Parking Per SqFt 3.41
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2025
Retail | 6.50% CAP | 10,566 SqFt
Marketing description
This new Dollar General store is located in an excellent location on Red Bluff Rd. (Hwy 31). This Dollar General is a front entry store with upgraded construction.
This store is located 18 miles from Conway and 23 miles from North Myrtle Beach and serves the community area in and around Loris.
Investment highlights
- New Dollar General Store
- 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 $38.7 Billion in Sales in Fiscal 2023
- Perfect 1031 Exchange Property
- DG Ranked #108 on Fortune 500 List
Listing Contacts
Harrison Capital Advisors
Listed by Harrison Capital Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,592.00
$13,466.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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