For Sale
$2,138,348

342 East Blvd Chesterfield, SC 29709

High-Yield NNN Lease, SC

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 11,761 square foot Dollar General convenience store located at 342 East Blvd, Chesterfield, SC 29709. Built in 2024, this single-tenant property sits on a 3.4-acre lot and boasts a 100% occupancy rate with a corporate guarantee. The absolute NNN lease features a 14.7-year remaining term (expiring 07/15/2039) with attractive 5% rent increases every five years, ensuring consistent income growth. The property generates a strong NOI of $141,131, resulting in a compelling 6.60% cap rate and a price per square foot of $181.82. The asking price is $2,138,348. This prime location enjoys high visibility on East Boulevard, a major thoroughfare with a daily traffic count of 9,900 vehicles. Nearby businesses include Wendy's, Pisanno's, Exxon, Subway, BP, and NAPA, further enhancing the property's appeal. The store benefits from modern amenities such as new LED lighting, both interior and exterior. The property's strategic location near the Chesterfield YMCA and residential areas ensures consistent customer traffic. This is a turnkey investment with minimal landlord responsibilities, offering a secure and profitable return.

Highlights

  • $2,138,348 asking price for a brand-new Dollar General convenience store.
  • Absolute NNN lease with a corporate guarantee.
  • 14.7 years remaining on a 15-year lease, expiring July 15, 2039, with 5% rent bumps every five years.
  • 11,761 square feet on a 3.4-acre lot in Chesterfield, SC.
  • 6.60% cap rate with a $141,131 NOI.

Property Details for 342 East Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
11,761 SF
Year Built
2024
Lot Size (sq. ft)
148,104 SF
Units
1

Location Insight

City
Chesterfield
County
Chesterfield
State
South Carolina
Latitude
34.7325048
Longitude
-80.0798663

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, SC
Where is the retail property located?
The property is located at 342 East Blvd Chesterfield, SC.
What is the asking price?
The asking price for this property is $2,138,348.
What are key features of this property?
This property features: $2,138,348 asking price for a brand-new Dollar General convenience store.; Absolute NNN lease with a corporate guarantee.; 14.7 years remaining on a 15-year lease, expiring July 15, 2039, with 5% rent bumps every five years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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342 East Blvd
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