Skip to main content

Discount

Dollar Tree | 2020 Build | Augusta MSA

130 Bettis Academy Rd, Graniteville, SC 29829

Listing Price: $1,908,000

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
8.0
Gross SF
9,993
Guarantor
Corporate Guarantee
Rentable SF
9,993
Price/Gross SF
$190.93
Lease Type
Double Net
Rent Per Square Feet
$10.50

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly constructed Dollar Tree located in the Augusta MSA. Built in 2020, the freestanding retail building rests on approximately 2.09 acres and totals 9,993 square-feet, fully leased to Dollar Tree. The tenant is on a long-term, NN lease with approximately 8 years of term remaining, $0.50/SF rent escalations occurring each option period, and features a corporate guarantee. The property is ideally positioned on Bettis Academy Road (8,000+ VPD,) just off of Ascauga Lake Road (11,200+ VPD). Situated directly adjacent to the property is the Parkdale Mils manufacturing plant (100+ employees,) The Carlstar Group manufacturing facility, and a RBW Logistics facility. Additionally, Leavelle McCampbell Middle School & Byrd Elementary School are located less than ½ a mile from the property with over 1,100+ students combined. The immediate surrounding area features other national retailers including Dollar General, Sprint Gas & Food Store, Western Union, Walmart Supercenter, Sam’s Club, & many more. Graniteville is a part of the greater Aiken-Augusta MSA which is the home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 617,000 residents in the market and the region is projected to add 32,000 people and 14,200 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 203,000 citizens.

Investment Highlights

  • Built in 2020 | 100% Leased to Dollar Tree | Corporate Guarantee | Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
  • Approx. 8 Years of Term Remaining | Minimal Landlord Responsibilities | Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody's)
  • Ideally Located Just Off of Ascauga Lake Rd (11,200+ VPD) | Less than 2.5 Miles to I-20 (40,600+ VPD)
  • Close Proximity to Aiken, SC & Augusta, GA | Directly Next to Dollar General & Parkdale Mills Manufacturing Facility | Tenant has Right of First Refusal

Exclusively Listed By

Discount

Dollar Tree | 2020 Build | Augusta MSA

Listing Price: $1,908,000

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
8.0
Gross SF
9,993
Guarantor
Corporate Guarantee
Rentable SF
9,993
Price/Gross SF
$190.93
Lease Type
Double Net
Rent Per Square Feet
$10.50

Investment Highlights

  • Built in 2020 | 100% Leased to Dollar Tree | Corporate Guarantee | Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
  • Approx. 8 Years of Term Remaining | Minimal Landlord Responsibilities | Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody's)
  • Ideally Located Just Off of Ascauga Lake Rd (11,200+ VPD) | Less than 2.5 Miles to I-20 (40,600+ VPD)
  • Close Proximity to Aiken, SC & Augusta, GA | Directly Next to Dollar General & Parkdale Mills Manufacturing Facility | Tenant has Right of First Refusal

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly constructed Dollar Tree located in the Augusta MSA. Built in 2020, the freestanding retail building rests on approximately 2.09 acres and totals 9,993 square-feet, fully leased to Dollar Tree. The tenant is on a long-term, NN lease with approximately 8 years of term remaining, $0.50/SF rent escalations occurring each option period, and features a corporate guarantee. The property is ideally positioned on Bettis Academy Road (8,000+ VPD,) just off of Ascauga Lake Road (11,200+ VPD). Situated directly adjacent to the property is the Parkdale Mils manufacturing plant (100+ employees,) The Carlstar Group manufacturing facility, and a RBW Logistics facility. Additionally, Leavelle McCampbell Middle School & Byrd Elementary School are located less than ½ a mile from the property with over 1,100+ students combined. The immediate surrounding area features other national retailers including Dollar General, Sprint Gas & Food Store, Western Union, Walmart Supercenter, Sam’s Club, & many more. Graniteville is a part of the greater Aiken-Augusta MSA which is the home of Augusta National Golf Club, where the Masters Tournament is played each year. The Augusta-Richmond County metro consists of seven counties: Burke, Columbia, Lincoln, McDuffie and Richmond counties in Georgia, and Aiken and Edgefield counties in South Carolina. There are roughly 617,000 residents in the market and the region is projected to add 32,000 people and 14,200 households over the next five years. The consolidated city-county of Augusta-Richmond contains approximately 203,000 citizens.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower