For Sale
$2,013,818

2090 Central RdLake City, SC 29560

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market located at 2090 Central Rd, Lake City, SC, in Florence County, zip code 29560. The property sits on a 1.76-acre lot and boasts a strong 6.60% cap rate, generating a net operating income (NOI) of $132,912. Built in 2024, this single-tenant, absolute NNN leased property features a corporate guarantee and a remaining lease term of approximately 14.7 years, expiring July 31, 2039. The lease includes five, five-year renewal options with a 5% rent increase every five years, providing consistent income growth. The property benefits from a high-traffic location at a major residential intersection, with 5,800 vehicles per day on Turbeville Highway and 1,200 vehicles per day on Central Road. Its convenient location is approximately one hour from both Myrtle Beach and Columbia, SC. The building features new LED lighting, both interior and exterior, and the NNN lease structure ensures zero landlord responsibilities. This prime retail investment offers significant long-term value and stability in a rapidly growing area. The asking price is $2,013,818, resulting in a price per square foot of $189.27. The property enjoys 100% occupancy.

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
2090 Central Rd, Lake City, South Carolina

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2090 Central Rd
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