Cap Rate: 5.00%
Annual Rent: $112,826
Square Footage: 10,640
Year Built: 2022
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with a newly executed absolute NNN lease in Taylors, South Carolina. This is a new 15 year lease calling for zero landlord obligations. The tenant has five 5 year renewal options with 10% increases. The building is newly constructed. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
Taylors is a census-designated place in Greenville County, South Carolina, United States. The population was 21,617 at the 2010 census. Taylors is the Greenville/Spartanburg area's largest suburb although it is not incorporated as a city. It is part of the Greenville–Mauldin–Easley Metropolitan Statistical Area.