For Sale
$1,962,454

1209 Main StBarnwell, SC 29812

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General store in Barnwell, South Carolina. Located at 1209 Main St, 29812, this property boasts a 15-year absolute NNN lease with a corporate guarantee, commencing November 18, 2024. The lease includes a 5% annual rent increase, ensuring consistent income growth. The property features a 6.60% cap rate and a strong net operating income (NOI) of $129,552. Built in 2024, this single-tenant retail building sits on a 2.2-acre lot and benefits from a prime location near key amenities, including Guinyard Butler Middle School and Lennon Parks Sports Complex. The property is strategically positioned at a main intersection leading to the downtown business district and Denmark, SC, and serves a residential area. The average household income within a 5-mile radius is $66,180. The building includes new LED lighting, both interior and exterior. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term growth potential. The property is 100% occupied. Five 5-year renewal options are included in the lease.

Highlights

  • 1209 Main Street, Barnwell, SC, offers a 15-year NNN lease with a 6.6% CAP rate and $129,522 annual NOI.
  • The 10,640 SF Dollar General building is slated for delivery October 2024, opening November 2024.
  • The property features 5-year rent increases of 5% and five 5-year renewal options.
  • Located near Webb Concrete, Guinyard-Butler Middle School, Creech Auto Electric, and Lennon Park.
  • This investment boasts a corporate guarantor and a standard prototype design in a high-growth market.

Property Details for 1209 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Lot Size (sq. ft)
95,832 SF

Location Insight

City
Barnwell
County
Barnwell
State
South Carolina
Latitude
33.2482012
Longitude
-81.3479166
1209 Main St, Barnwell, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1209 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message