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Dollar General | 5 Location Portfolio | Attractive Non-Recourse Assumable Financing

11565 Hwy 28 S, Modoc, SC 29838

Listing Price: $1,185,429

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.12

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of five premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5 percent+. The properties have firm term leases remaining that average 9.2 years, with four, five year renewal options, each featuring 10 percent rental increases, providing inflation hedge and built-in income growth.

Investment Highlights

  • Lake Town Location | Major Outdoor Enthusiast and Boating Area
  • Absolute Triple-Net Lease | Zero Landlord Responsibilities | Rental Increases
  • 40 Minutes to Augusta, Georgia| One and a Half Hours to Columbia, South Carolina | Zero Market Competition
  • Fortune 500 Retailer | Investment Grade Credit Rating | Corporate Guarantee

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Discount

Dollar General | 5 Location Portfolio | Attractive Non-Recourse Assumable Financing

Listing Price: $1,185,429

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.12

Investment Highlights

  • Lake Town Location | Major Outdoor Enthusiast and Boating Area
  • Absolute Triple-Net Lease | Zero Landlord Responsibilities | Rental Increases
  • 40 Minutes to Augusta, Georgia| One and a Half Hours to Columbia, South Carolina | Zero Market Competition
  • Fortune 500 Retailer | Investment Grade Credit Rating | Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of five premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5 percent+. The properties have firm term leases remaining that average 9.2 years, with four, five year renewal options, each featuring 10 percent rental increases, providing inflation hedge and built-in income growth.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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