15515 S Highway 11 - Freestanding FOR SALE


Fair Play, SC 29643
$860,327 USD
864-706-0877
15515 S Highway 11, Fair Play, SC for Sale
$860,327 USD
Freestanding - FOR SALE
1/1
null | 8.25% Cap Rate

15515 S Highway 11
Fair Play, SC 29643


HIGHLIGHTS

  • Absolute NNN lease with tenant responsible for all expenses
  • 15-year lease with three 5-year renewal options and 10% escalations.
  • Located minutes from Lake Hartwell, I-85, and SC/GA border.
  • Freestanding ±9,100 SF retail building on ±2.71 acres.
  • Guaranteed by Dollar General Corporation, S&P BBB rated.
  • Current 8.25% cap rate with increases up to 10.98%

OVERVIEW

This single-tenant net lease (STNL) Dollar General investment offers a stable, long-term income stream backed by a nationally recognized tenant with over 20,000 locations across 48 states. Located at 15515 S. Highway 11 in Fair Play, South Carolina, the ±9,100-square-foot freestanding retail building sits on ±2.71 acres and is positioned just minutes from Lake Hartwell, Interstate 85, and the South Carolina–Georgia border, providing excellent regional connectivity and visibility. The property is subject to a 15-year absolute NNN lease that commenced in November 2012, with the tenant responsible for all expenses including roof, structure, CAM, taxes, and insurance. The lease includes three five-year renewal options with 10% rent escalations per term, offering built-in income growth and long-term stability. The current base rent of $70,977 yields an attractive 8.25% cap rate, with future escalations pushing returns to nearly 11% by the third option period. Dollar General Corporation, rated BBB by S&P, guarantees the lease through its subsidiary Dolgencorp, LLC. As the largest small-box discount retailer in the U.S., Dollar General reported $38.7 billion in net sales and $2.4 billion in operating cash flow in fiscal year 2023. This location benefits from the brand’s strong performance and recession-resistant business model, targeting low- to middle-income consumers with essential goods. This offering presents a rare opportunity to acquire a passive, income-producing asset with a nationally backed tenant in a growing corridor of Oconee County. The fee simple ownership and absolute NNN structure make this an ideal investment for buyers seeking predictable returns and minimal management responsibilities.

FOR SALE DETAILS

PRICE

$860,327 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

C

APN/PARCEL ID

330-00-02-021

ASK ABOUT THIS PROPERTY

Robbie RomeiserSpencer Hines PropertiesMore Info
864-706-0877

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Robbie RomeiserSpencer Hines PropertiesMore Info
864-706-0877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.