2090 Central Rd Lake City, SC 29560
High-yield NNN retail investment. Strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Brand new, 10,640 square foot Dollar General Market on a 1.76-acre lot in Lake City, SC.
- Strong 6.60% cap rate, generating $132,912 in net operating income (NOI).
- Absolute NNN lease with corporate guarantee, approximately 14.7 years remaining, expiring July 31, 2039, including five, five-year renewal options with 5% rent increases.
- High-traffic location at a major residential intersection (5,800 VPD on Turbeville Highway, 1,200 VPD on Central Road), approximately one hour from Myrtle Beach and Columbia, SC.
- Asking price: $2,013,818 ($189.27/SF), 100% occupancy.
Property Details for 2090 Central Rd
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,640 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 76,666 SF
Location Insight
- City
- Lake City
- County
- Florence
- State
- South Carolina
- Latitude
- 33.8888508
- Longitude
- -79.9119593
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN retail investment. Strong tenant.
- Where is the retail property located?
- The property is located at 2090 Central Rd Lake City, SC.
- What is the asking price?
- The asking price for this property is $2,013,818.
- What are key features of this property?
- This property features: Brand new, 10,640 square foot Dollar General Market on a 1.76-acre lot in Lake City, SC.; Strong 6.60% cap rate, generating $132,912 in net operating income (NOI).; Absolute NNN lease with corporate guarantee, approximately 14.7 years remaining, expiring July 31, 2039, including five, five-year renewal options with 5% rent increases.
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