201 N Emerald Rd - Retail FOR SALE


Greenwood, SC 29646
$795,789 USD
864-729-4500
201 N Emerald Rd, Greenwood, SC for Sale
$795,789 USD
Retail - FOR SALE
1/9
null | 7.6% Cap Rate

201 N Emerald Rd
Greenwood, SC 29646


HIGHLIGHTS

  • Dollar General operates under a Modified NNN lease with ±3.1 years remaining.
  • Positioned on ±0.96 acres with easy access to major local and regional routes.
  • Surrounded by national retailers including Walmart, Hardee’s, and Family Dollar.
  • Located in Greenwood County with approximately 60-mile access to Greenville and Augusta.

OVERVIEW

This offering presents an attractive opportunity to acquire a Dollar General property on a Modified NNN lease in Greenwood, South Carolina. Built in 2004 and totaling approximately 9,020 square feet, the asset occupies a ±0.96-acre parcel. Dollar General, a nationally recognized retailer with consistent sales performance, operates under a lease that provides stable and predictable income for investors seeking durable cash flow. The property currently generates an NOI of $60,480, with a cap rate of 7.6% based on the asking price of $795,789. The existing lease runs through December 31, 2028, with two additional 5-year extension options featuring 10% rent escalations in each option period—offering long-term revenue growth potential. Strategically situated along Emerald Road, the site benefits from strong regional accessibility and proximity to major retailers such as Walmart, Family Dollar, and other national brands, ensuring steady consumer traffic. Greenwood’s central location offers convenient connectivity to Greenville, Augusta, and Columbia, all within approximately 60 to 80 miles, as well as larger metro centers like Charlotte and Atlanta within a two- to three-hour drive.

FOR SALE DETAILS

PRICE

$795,789 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,059 SF

ZONING

-

APN/PARCEL ID

6856-749-406-000

ASK ABOUT THIS PROPERTY

Ross KesterPintailMore Info
864-729-4500

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Ross KesterPintailMore Info
864-729-4500

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