For Sale
$1,358,084

215 Savannah StCalhoun Falls, SC 29628

High-yield SC retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2022-built, 1.64-acre Family Dollar, Dollar General, and Dollar Tree combination store in Calhoun Falls, South Carolina. The property boasts a strong, credit-rated corporate guarantee from Dollar Tree, a leading discount retailer with over 16,000 locations nationwide. The current lease is a Net Lease (NN+) with a remaining term of 7.5 years, expiring April 30, 2032, and includes five, 5-year options with rent increases of $5,250 (or $0.50 per square foot). The lease commenced April 28, 2022. The property generates a substantial Net Operating Income (NOI) of $113,400, resulting in an attractive 8.35% cap rate. The asking price is $1,358,084. Strategically located at 215 W Savannah St, Calhoun Falls, SC 29628, this property benefits from its position on Highway 72, a major artery connecting Georgia and South Carolina, approximately 50 miles east of Athens, GA. The combination store format has demonstrated a 20% higher sales volume compared to single-brand stores. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease and significant upside potential.

Highlights

  • 2022-built Family Dollar Tree store on a ±8-year Net-Net-Net (NNN) lease with limited landlord responsibilities.
  • Five 5-year lease options with $5,250 ($0.50 PSF) rent increases.
  • Investment-grade, corporately guaranteed lease by Dollar Tree, the second-largest US discount retailer.
  • Located 50 miles east of Athens, GA, on Highway 72, a major Georgia-South Carolina artery.

Property Details for 215 Savannah St

Property type
Retail properties, Grocery and convenience stores
Year Built
2022
Lot Size (sq. ft)
71,438 SF

Location Insight

City
Calhoun Falls
County
Abbeville
State
South Carolina
Latitude
34.090931477055
Longitude
-82.597538346858
215 Savannah St, Calhoun Falls, South Carolina

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215 Savannah St
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