Listed by The Boulder Group - Denver, Bang Realty, The Boulder Group
$1,188,000
Family Dollar - Duncan, SC (Greenville-Spartanburg MSA)
Details
APN 5-20-01-020.00
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,180
Net Rentable (SqFt) 9,180
Units 1
Cap Rate 8.5%
NOI $100,980
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN+
Lease Expiration 02/28/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options Four 5-Year
Price per SqFt $129
Broker Co-Op True
Year Built 2021
Buildings 1
Stories 1
Acreage 1.040
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition 1031 exchange
Family Dollar | Rapidly Expanding Area | Greenville-Spartanburg-Anderson CSA (1.66M People)
Investment highlights
- Located in the Greenville-Spartanburg-Anderson CSA, a rapidly expanding area with approximately 1.66 million people
- Approximately 8 miles northeast of the Greenville-Spartanburg International Airport, which had over 3 million passengers in 2025 and 31 direct destinations
- Duncan is strategically located 13 miles west of Spartanburg and 17 miles east of Greenville
- Positioned 5 miles north of BMW’s only North American manufacturing plant ($3.7B investment) and employs over 11,000 people
- Recently constructed Family Dollar build-to-suit (2021)
- Densely populated area with over 61,000 people living within 5 miles
- Located at the hard corner of West Main St & Spartanburg Rd
- Spartanburg MSA was the 3rd fastest-growing metro in the U.S. July 2024 to July 2025
- South Carolina was the fastest-growing state in the nation in both 2024 and 2025
- Close proximity to James F. Byrnes High School & Byrnes Freshman Academy (3,100+ students), Duncan Elementary School (700 students), and Beech Springs Middle School (900 students)
- Corporately guaranteed lease with over 4 years remaining
- Low rent ($11/SF)
- Family Dollar is a leading discount retailer with over 7,000 stores nationwide
Listing Contacts
Listed by The Boulder Group - Denver, Bang Realty, The Boulder Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$100,980.00
$8,415.00/mo
Valuation Metrics
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DSCR
8.5%
Cap Rate
8.5%
ROI
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