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Dollar Tree | New 2022 Build

718 Bass Dr, Santee, SC 29142

Listing Price: $1,907,746

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
9.6
Gross SF
9,993
Guarantor
Corporate Guarantee
Rentable SF
9,993
Price/Gross SF
$190.91
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 brand new Dollar Tree located in Santee, SC. The freestanding retail building was completed in 2022 and totals 9,993 square-feet, fully leased to Dollar Tree. The subject property rests on approximately 1.78 acres situated on the hard corner of Bass Drive (4,400+ VPD) & William Clark Blvd. The tenant, Dollar Tree is on a long-term, NN lease with approximately 9.75 years of term remaining, $0.50/SF rent escalations occurring each option period, and features a corporate guarantee. The subject property is primely positioned less than 0.4 miles from Old Number Six Hwy (11,300+ VPD) & less than 0.6 miles from I-95 (38,900+ VPD.) Located in a dense retail corridor, the property sits directly across from a Food Lion & Family Dollar anchored strip center, and is immediately surrounded by other national retailers including McDonald’s, Starbucks, Bojangles, Dollar General, South State Bank, & many more. Located in Orangeburg County, Santee, South Carolina is known for its golf and fishing experience, Santee’s natural beauty and abundant wildlife make it an ideal destination for nature lovers. Santee is situated off I-95 in the middle of the state, right on the south side of South Carolina’s largest lake—Lake Marion. With 315 miles of shoreline, the lake covers nearly 110,000 acres and offers some of the best fishing in the state. This man-made hydroelectric reservoir is one of the 50 largest lakes in the country and is often referred to as South Carolina’s inland sea.

Investment Highlights

  • Built in 2022 | 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. 9.75 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 Less than 0.6 Miles of I-95 (38,900+ VPD) | Just Off of Old Number Six Hwy (11,300+ VPD)
  • Strong Retail Corridor | Situated Directly Across from Food Lion & Family Dollar Anchored Shopping Center | Tenant Has Right of First Refusal

Exclusively Listed By

Discount

Dollar Tree | New 2022 Build

Listing Price: $1,907,746

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
9.6
Gross SF
9,993
Guarantor
Corporate Guarantee
Rentable SF
9,993
Price/Gross SF
$190.91
Lease Type
Double Net
Rent Per Square Feet
$10.50

Investment Highlights

  • Built in 2022 | 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. 9.75 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 Less than 0.6 Miles of I-95 (38,900+ VPD) | Just Off of Old Number Six Hwy (11,300+ VPD)
  • Strong Retail Corridor | Situated Directly Across from Food Lion & Family Dollar Anchored Shopping Center | Tenant Has Right of First Refusal

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the brand new Dollar Tree located in Santee, SC. The freestanding retail building was completed in 2022 and totals 9,993 square-feet, fully leased to Dollar Tree. The subject property rests on approximately 1.78 acres situated on the hard corner of Bass Drive (4,400+ VPD) & William Clark Blvd. The tenant, Dollar Tree is on a long-term, NN lease with approximately 9.75 years of term remaining, $0.50/SF rent escalations occurring each option period, and features a corporate guarantee. The subject property is primely positioned less than 0.4 miles from Old Number Six Hwy (11,300+ VPD) & less than 0.6 miles from I-95 (38,900+ VPD.) Located in a dense retail corridor, the property sits directly across from a Food Lion & Family Dollar anchored strip center, and is immediately surrounded by other national retailers including McDonald’s, Starbucks, Bojangles, Dollar General, South State Bank, & many more. Located in Orangeburg County, Santee, South Carolina is known for its golf and fishing experience, Santee’s natural beauty and abundant wildlife make it an ideal destination for nature lovers. Santee is situated off I-95 in the middle of the state, right on the south side of South Carolina’s largest lake—Lake Marion. With 315 miles of shoreline, the lake covers nearly 110,000 acres and offers some of the best fishing in the state. This man-made hydroelectric reservoir is one of the 50 largest lakes in the country and is often referred to as South Carolina’s inland sea.

Exclusively Listed By

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