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Dollar General - Georgetown, SC

30 Kent Rd, Georgetown, SC 29440

Listing Price: $1,663,400

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$182.79
Lease Type
Absolute Net
Rent Per Square Feet
$10.05

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this 9,100 SF Dollar General property located in Georgetown, South Carolina. There are 11 years remaining on a corporately guaranteed Absolute Triple Net lease with Five, 5-Year renewal option remaining and 10% rental increases in each option. There are no landlord responsibilities
The property sits on a 1.93 acre lot along Saints Delight and Kent Road seeing over 6,200 VPD, just off of US-521/Georgetown Highway seeing over 13,200 VPD. This is the only dollar store in an 8 mile radius located 8.5 miles from downtown Georgetown. The property is also located 44 miles from Myrtle Beach, a major vacation destination seeing over 14 million visitors each year.

Investment Highlights

  • Absolute NNN Lease With 11 Years Remaining
  • Five, 5-Year Renewal Option | 10% Rental Increases in Each Option
  • Corporately Guaranteed Lease
  • Strong Traffic Counts: 13,200 Vehicles per Day along Georgetown Highway
  • Situated Between Two Major Tourist Destinations: Charleston, SC and Myrtle Beach, SC

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Discount

Dollar General - Georgetown, SC

Listing Price: $1,663,400

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$182.79
Lease Type
Absolute Net
Rent Per Square Feet
$10.05

Investment Highlights

  • Absolute NNN Lease With 11 Years Remaining
  • Five, 5-Year Renewal Option | 10% Rental Increases in Each Option
  • Corporately Guaranteed Lease
  • Strong Traffic Counts: 13,200 Vehicles per Day along Georgetown Highway
  • Situated Between Two Major Tourist Destinations: Charleston, SC and Myrtle Beach, SC

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this 9,100 SF Dollar General property located in Georgetown, South Carolina. There are 11 years remaining on a corporately guaranteed Absolute Triple Net lease with Five, 5-Year renewal option remaining and 10% rental increases in each option. There are no landlord responsibilities
The property sits on a 1.93 acre lot along Saints Delight and Kent Road seeing over 6,200 VPD, just off of US-521/Georgetown Highway seeing over 13,200 VPD. This is the only dollar store in an 8 mile radius located 8.5 miles from downtown Georgetown. The property is also located 44 miles from Myrtle Beach, a major vacation destination seeing over 14 million visitors each year.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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