Discount

Dollar General

623 S Main St, Marion, SC 29571

Listing Price: $1,247,000

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.12

Investment Overview

8 YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL • This property is a build-to-suit Dollar General located off of Hwy 76 (20,000 VPD) in Marion, SC. • This store is 9,026 SF and opened in September of 2013. • There are approximately 8 years remaining on the initial 15-Year Corporate NNN Lease. • The lease is absolute NNN and tenant is 100% responsible for all expenses including taxes, CAM, insurance, roof and structure. • There is a 3% rent increase in Year 11 and 10% rent increases in each of the five, 5-year option periods. RARE 3% BASE TERM RENT INCREASE • This store contains a rare 3% rent increase in Year 11 of the initial lease term. • There are 10% rent increases in each of the five, 5-year option periods. HIGH TRAFFIC LOCATION • The Subject Property sits just off U.S. Hwy 76 (20,000 VPD), a major highway that connects Chattanooga, TN to Wilmington, NC. • Positioned 3 miles from Hwy 501 (17,200 VPD), a major highway that is the primary route to Myrtle Beach that hosts 19 million tourists per year. • Nearby national retailers include CVS, Wells Fargo, Food Lion, Burger King, Advance Auto and more. • Surrounded by multiple schools within a 2.5 Mile radius including Marion High School (703 Students), Marion Intermediate School (579 Students) and Easterling Primary School (580 Students). • Located only 4 miles from Marion County Airport that supports over 6,000 aircraft operations per year. NEAR FLORENCE, SC • This Store is located 20 miles East of Florence, South Carolina via Hwy 76. • Florence is the 10th largest city in South Carolina and is the County Seat of Florence County. • The city is well known for its location where Interstate 95 and Interstate 20 intersect creating accessibility throughout the region as well as the East Coast. • Florence retains its status as a major hub in the coastal plain region of South Carolina both for industry and infrastructure while establishing itself as a regional center for business, medicine, culture and finance. • The city of Florence is considered a healthcare hub for the surrounding areas with notable medical centers including Mcleod Regional Medical Center, a 461-bed hospital covering more than six blocks, Regency Hospital, a 420-bed facility, and more. • Companies with regional operations and headquarters in Florence include: BB&T, Otis Elevator, GE Healthcare, CSX Railway, Wells Fargo, Bank of America, and more. • Home to Florence Regional Airport that supports over 31,200 aircraft operations per year. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • 8 Year NNN Build-To-Suit Dollar General
  • Rare 3% Base Term Rent Increase
  • Located Off US HWY 76 (20,000 VPD)
  • Near Florence, SC
  • Investmenr Grade BBB Tenant | 17,000 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

Listing Price: $1,247,000

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.12

Investment Highlights

  • 8 Year NNN Build-To-Suit Dollar General
  • Rare 3% Base Term Rent Increase
  • Located Off US HWY 76 (20,000 VPD)
  • Near Florence, SC
  • Investmenr Grade BBB Tenant | 17,000 + Locations

Investment Overview

8 YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL • This property is a build-to-suit Dollar General located off of Hwy 76 (20,000 VPD) in Marion, SC. • This store is 9,026 SF and opened in September of 2013. • There are approximately 8 years remaining on the initial 15-Year Corporate NNN Lease. • The lease is absolute NNN and tenant is 100% responsible for all expenses including taxes, CAM, insurance, roof and structure. • There is a 3% rent increase in Year 11 and 10% rent increases in each of the five, 5-year option periods. RARE 3% BASE TERM RENT INCREASE • This store contains a rare 3% rent increase in Year 11 of the initial lease term. • There are 10% rent increases in each of the five, 5-year option periods. HIGH TRAFFIC LOCATION • The Subject Property sits just off U.S. Hwy 76 (20,000 VPD), a major highway that connects Chattanooga, TN to Wilmington, NC. • Positioned 3 miles from Hwy 501 (17,200 VPD), a major highway that is the primary route to Myrtle Beach that hosts 19 million tourists per year. • Nearby national retailers include CVS, Wells Fargo, Food Lion, Burger King, Advance Auto and more. • Surrounded by multiple schools within a 2.5 Mile radius including Marion High School (703 Students), Marion Intermediate School (579 Students) and Easterling Primary School (580 Students). • Located only 4 miles from Marion County Airport that supports over 6,000 aircraft operations per year. NEAR FLORENCE, SC • This Store is located 20 miles East of Florence, South Carolina via Hwy 76. • Florence is the 10th largest city in South Carolina and is the County Seat of Florence County. • The city is well known for its location where Interstate 95 and Interstate 20 intersect creating accessibility throughout the region as well as the East Coast. • Florence retains its status as a major hub in the coastal plain region of South Carolina both for industry and infrastructure while establishing itself as a regional center for business, medicine, culture and finance. • The city of Florence is considered a healthcare hub for the surrounding areas with notable medical centers including Mcleod Regional Medical Center, a 461-bed hospital covering more than six blocks, Regency Hospital, a 420-bed facility, and more. • Companies with regional operations and headquarters in Florence include: BB&T, Otis Elevator, GE Healthcare, CSX Railway, Wells Fargo, Bank of America, and more. • Home to Florence Regional Airport that supports over 31,200 aircraft operations per year. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

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