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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33957911
33957912

9710 Hwy 81 S, Iva, SC 29655

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
$1,080,000
3 days on market
Updated 3 days ago

Dollar Tree

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 16,000
Cap Rate 7.00%
NOI $75,600
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN+
Lease Term 10
Remaining Term 5.8
Rent Bumps Yes
Lease Options (4) 5 - Year
Price per SqFt $68
Year Built 2007
Year Renovated 2021
Buildings 1
Acreage 2.280
Zoning Residential/Multi-Family which allows for Business Commercial
Parking Spaces 52 spaces
Parking Per SqFt 3.25
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Single Tenant Retail | Iva, SC

Marketing description

Furman Capital Advisors is pleased to offer the opportunity to purchase a Dollar Tree in Iva, South Carolina.

Investment highlights

Corporate-Backed Dollar Tree Lease: 100% leased to Dollar Tree Stores, Inc., an investment-grade tenant rated BBB by S&P.

Attractive 1031 Price Point: Offered at $1,080,000, the Property provides investors a compelling 7.00% cap rate with a manageable basis for 1031 and private investors.

Price PSF Well Below Replacement Cost: At only $67.50 PSF, the offering provides an exceptionally low replacement-cost basis for a 16,000 SF freestanding retail building.

Below-Market Rent Creates Long-Term Value: Dollar Tree pays only $4.75 PSF, creating a low occupancy cost for the tenant and potential upside value through below-market rent economics.

Above-Market Option Rent Increases: The lease includes strong rent growth throughout the option periods, increasing from $4.75 PSF today to $7.75 PSF by the fourth option, representing a 63% increase over the current rent schedule.

Main Thoroughfare Visibility: Located on Highway 81 South, Iva's primary commercial corridor, with full access, pylon signage, and customer visibility.

Lake-Influenced Rural Trade Area: The Property benefits from proximity to Lake Secession / Lake Hartwell-area demand, surrounding residential neighborhoods, schools, and nearby Anderson, Hartwell, and Abbeville.

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
$--
$--
Annual Cash Flow
$75,600.00
$6,300.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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