Harrison Capital Advisors
Listed by Harrison Capital Advisors
$2,219,548
Dollar General "Plus" Store I Loris, SC (Hwy 917)
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,452
Cap Rate 6.65%
NOI $147,600
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 11/30/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options Five (5), five (5) year options with 5% increases
Class A
Year Built 2024
Buildings 1
Acreage 2.240
Zoning Commercial
Parking Spaces 36 spaces
Parking Per SqFt 3.44
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2024
Ground Lease No
Retail | 6.65% CAP | 10,452 SqFt
Marketing description
This new Dollar General "Plus" store is located in an excellent location with two access points at the corner of SC Hwy 9 and SC Hwy 410. This Dollar General is a corner-entry store with upgraded construction. This store is located 19 miles from Conway and 24 miles from Myrtle Beach and serves the community area in and around Loris.
Investment highlights
- DG "Plus" 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
- 2,400 VPD on SC Hwy 9
- Dollar General has over 20,000 Stores in 48 States; 31 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
$147,600.00
$12,300.00/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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