Cap Rate: 5.00%
Annual Rent: $113,206
Square Footage: 9,100
Year Built: 2022
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with a newly executed absolute NNN lease in Walhalla, 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.
Walhalla is a city in the foothills of the Blue Ridge Mountains in Oconee County, South Carolina, United States. Designated in 1868 as the county seat, it lies within the area of the Blue Ridge Escarpment, an area of transition between mountains and piedmont, and contains numerous waterfalls. It is located 16 miles (26 km) from Clemson University in Clemson, South Carolina.