Cap Rate: 5.00%
Annual Rent: $112,129
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 Pelzer, 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 and situated on a hard corner. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
Pelzer is located in Anderson County, beside the Saluda River. On the town's western border is the town of West Pelzer, and the town of Williamston is 2 miles (3 km) to the south. Anderson, the county seat, is 17 miles (27 km) to the southwest, and the center of Greenville is 17 miles (27 km) to the north.