316 E Greer St - Freestanding FOR SALE
Honea Path, SC 29654 |
$1,361,000 USD
404-400-2794
316 E Greer St
Honea Path, SC 29654
HIGHLIGHTS
- Absolute NNN Lease Structure: Zero landlord responsibilities, offering a true passive investment with no operational obligations
- Long-Term Lease: More than 8 years of remaining primary lease term, providing durable and predictable cash flow.
- Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization exceeding $32billio
- Investment Grade Credit: Dollar General is rated BBB by Standard & Poor's, reflecting strong creditworthiness and financial stability.
- Top-Tier Store Performance: This location ranks in the 86th percentile nationally, according to Alpha Map, indicating superior sales performance.
- Rent Increases: Features 10% rent escalations at each of the five (5) five-year renewal options, enhancing long-term income growth.
FOR SALE DETAILS
PRICE
$1,361,000 USD
PRICE/SF
$128 USD /SF
CAP RATE
7.25%
% 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
2019
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.99 AC
LAND SF
86,684 SF
ZONING
C-1
APN/PARCEL ID
276-10-01-005
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404-400-2794
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404-400-2794
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