424 Lee St - Storefront FOR SALE


Johnston, SC 29832
$2,697,777 USD
803-331-8088
424 Lee St, Johnston, SC for Sale
$2,697,777 USD
Storefront - FOR SALE
1/4
null | 6.75% Cap Rate

424 Lee St
Johnston, SC 29832


HIGHLIGHTS

  • Dollar General "MARKET" w/15 YR NNN Lease w/ Corporate Guaranty by Dolgencorp, LLC
  • Rent Increases 5% every 5 Yrs in Primary Term plus options
  • 7,100 VPD on Lee St. & 3,600 VPD on Calhoun St.
  • Opened January 2025
  • Located 20 miles from Aiken, SC and 50 miles to Columbia, SC
  • S&P BBB Investment Grade Credit - DG $40.6 Billion in Sales in Fiscal 2024

OVERVIEW

• NEW DG “Market” Store opened January 2025 • Rent Increases 5% every 5 Yrs in Primary Term plus options • 15 YR NNN Lease w/ Corporate Guaranty by Dolgencorp, LLC • 7,100 VPD on Lee St. & 3,600 VPD on Calhoun St. • Located 20 miles from Aiken and 50 miles to Columbia • Dollar General has over 20,500 Stores in 48 States; 34 Distribution Centers • S&P BBB Investment Grade Credit $40.6 Billion in Sales in Fiscal 2024 This Dollar General “Market” store is located in the heart of town on the main thoroughfare that runs through Johnston. This store is the “Market” prototype concept size which is a larger store with added cooler/freezer space to accomodate the growing demand for fresh meat and vegatables. There is no national chain grocery store in Johnston which will make this DG Market a thriving place to support the local grocery needs. • Perfect 1031 Exchange Property • DG Ranked #112 on Fortune 500 List

FOR SALE DETAILS

PRICE

$2,697,777 USD

PRICE/SF

$213 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General "Market" Store - Johnston, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C

APN/PARCEL ID

180-14-02-034-000

ASK ABOUT THIS PROPERTY

James Harrison CCIMCypress Commercial & Investment Real EstateMore Info
803-331-8088

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James Harrison CCIMCypress Commercial & Investment Real EstateMore Info
803-331-8088

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