This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store located at 219 Main St S, Wagener, SC 29164, within the Augusta MSA. The property, built in 2007 and renovated in 2024 for approximately $200,000 (including exterior work, paint, HVAC, and parking lot improvements), boasts 9,240 square feet on a one-acre lot. A 10-year net lease commenced October 3, 2024, and includes five (5) five-year renewal options with 10% rent bumps every five years. The current annual net operating income (NOI) is $73,440, representing a 7.00% cap rate on the $1,049,143 asking price. The tenant, Dollar General, holds an investment-grade credit rating (BBB by S&P) and is publicly traded on the NYSE (DG). The property benefits from its location in the Augusta MSA, the third-largest in Georgia, with a population exceeding 630,000. Wagener's strategic location on US 302 provides easy access to Augusta and Columbia. The area shows strong population growth, with approximately 116,500 people within a 30-minute drive and projected 6.7% growth within a 10-minute radius from 2024-2029. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment opportunity. Landlord responsibilities are limited to roof and structure
Highlights
Investment-grade Dollar General tenant (S&P BBB rating, NYSE: DG) with a long operating history.
10-year net lease with five 5-year renewal options, including 10% rent increases every five years.
Recently renovated ($200,000) 9,240 SF building on a one-acre lot.
$73,440 annual NOI, representing a 7.00% cap rate on the $1,049,143 asking price.
Strong location within the Augusta MSA, benefiting from significant population and projected growth.
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Contacts
Henry Kushner
Scott Israel
Joseph Montgomery
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219 Main St, Wagener, South Carolina, 29164
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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219 Main St
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