Discount
Dollar General | New 15- Absolute NNN | Affluent Suburb
9617 SC-81, Piedmont (Greenville MSA), SC 29673
Listing Price: $2,552,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$15.59
Investment Overview
Marcus & Millichap is please to present the Dollar General in Piedmont, South Carolina.
Dollar General | New 15- Absolute NNN | Affluent Suburb
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is Nation's Largest Retailer with 20,600+ Stores
- Brand New High-Quality Construction on Large 4.77-Acre Parcel
- Serving Over 100,000 Residents in Rapidly Growing Suburb of Greenville
- Surrounded by Several Residential Developments, 3,200+ New Homes Under Construction or Approved
- Average Household Income Exceeds $118,000 in 3 Miles and $102,000 in 5 Miles
Exclusively Listed By
Broker of Record
-
Benjamin Yelm
Senior Managing Director, Market Leader - Carolinas
Discount
Dollar General | New 15- Absolute NNN | Affluent Suburb
Listing Price: $2,552,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$15.59
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is Nation's Largest Retailer with 20,600+ Stores
- Brand New High-Quality Construction on Large 4.77-Acre Parcel
- Serving Over 100,000 Residents in Rapidly Growing Suburb of Greenville
- Surrounded by Several Residential Developments, 3,200+ New Homes Under Construction or Approved
- Average Household Income Exceeds $118,000 in 3 Miles and $102,000 in 5 Miles
Investment Overview
Marcus & Millichap is please to present the Dollar General in Piedmont, South Carolina.
Exclusively Listed By
Broker of Record
-
Benjamin Yelm
Senior Managing Director, Market Leader - Carolinas
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