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Dollar General

2567 U.S. 1, Cassatt, SC, USA
$1,240,478 6.70% Cap 7,500 sq ft Built 2018 Representative Photo Print This Page

Location

2567 U.S. 1, Cassatt, SC, USA

Price: $1,240,478
Cap Rate: 6.70%
Net Operating Income: $83,112
Square-Footage: 7,500
Lot Size: 2.40

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeInvestment Grade CreditNew ConstructionS&P Rated BBBZero Landlord Obligations

Dollar General in Cassatt (Camden), South Carolina. The 15-year lease is Triple-Net (NNN) in which the tenant is responsible for all expenses including roof and structure. The building is 7,500 square feet and sits on a large 2.4 acre parcel. The store just opened for business in July 2018. The lease features 10-percent rental increases in each option period (5/5 year options). Dollar General is rated BBB (investment grade) by Standard & Poor’s, which allows investors to place attractive financing on the property if desired. Dollar General is a Fortune 500 publicly traded (NYSE: DG) and operates over 14,000 locations nationwide with a net worth of more than $11.0 Billion.

The subject property is located approximately 13 miles north of Camden, 50 miles northeast of Columbia (the capital of South Carolina) and about 75 miles south of Charlotte, North Carolina. The property is located on U.S. Highway 1 is surrounded by economic drivers including Prestage Farms. Inc (100+ employees), Haier North America (360+ employees), Midway Elementary School, and Canal Wood and Timber Company. There are approximately 3,100 people who live within five miles of the property and average household incomes are more than $48,000 annually.

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Jacob Abusharkh Managing Principal View profile
Kase Abusharkh Founding Principal View profile

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