For Sale
$1,502,000

400 Pine Ave McBee, SC 29101

McBee, SC: High-Yield Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple interest in a 10,500 square foot Family Dollar Tree located at 400 E Pine Ave, McBee, SC 29101. Built in 2022, this Class A, single-story retail property sits on a 1.5-acre lot with ample parking (29 spaces) and enjoys a prime location on a main four-lane highway. The property boasts a strong 7.40% cap rate, generating a substantial net operating income (NOI) of $111,150 annually. The current lease, guaranteed by Dollar Tree, Inc. (a BBB-rated investment-grade tenant), has 7.5 years remaining with five, five-year renewal options, each including a $0.50/SF rent bump. Minimal landlord responsibilities are required under the NN+ lease structure. The property's combination Family Dollar | Dollar Tree branding offers significant sales advantages, exceeding the performance of standalone Family Dollar stores. This offering presents a compelling investment in a high-demand growth market, benefiting from South Carolina's robust economy and favorable business environment. The asking price is $1,502,000 ($143.05/sq ft), reflecting a 100% occupancy rate. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a secure, long-term lease.

Highlights

  • 7.5 years remaining on a 10-year lease with five, 5-year renewal options, each with a $0.50/SF rent increase.
  • Family Dollar | Dollar Tree combo store, averaging 20% higher sales than standalone Family Dollar stores.
  • NN+ lease with minimal landlord responsibilities.
  • Dollar Tree, Inc. corporate guarantee; BBB-rated investment-grade tenant.
  • Located on a main four-lane highway in McBee, SC.
  • High-demand growth market in South Carolina.

Property Details for 400 Pine Ave

Property type
Retail properties, Drug stores
Square Feet
10,500 SF
Class
A
Year Built
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
McBee
County
Chesterfield
State
South Carolina
Latitude
34.4659448
Longitude
-80.2492621

FAQs

What type of property is this?
Retail property - McBee, SC: High-Yield Net Lease
Where is the retail property located?
The property is located at 400 Pine Ave McBee, SC.
What is the asking price?
The asking price for this property is $1,502,000.
What are key features of this property?
This property features: 7.5 years remaining on a 10-year lease with five, 5-year renewal options, each with a $0.50/SF rent increase.; Family Dollar | Dollar Tree combo store, averaging 20% higher sales than standalone Family Dollar stores.; NN+ lease with minimal landlord responsibilities.
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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400 Pine Ave
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