307 Main St Andrews, SC 29510

This exceptional investment opportunity presents a fee-simple interest in a Dollar General convenience store and pharmacy located at 307 E Main St, Andrews, SC 29510. The 9,026 square foot building, constructed in 2015, sits on a 1.73-acre lot and boasts 34 parking spaces. Currently operating at 100% occupancy, the property benefits from a 15-year absolute NNN lease with 5.5 years remaining and five-year renewal options, each with a 10% rent increase. The tenant, Dollar General, is a credit-rated, corporate-guaranteed entity with an S&P BBB rating. The property generates a strong NOI of $83,406, resulting in a 7.50% cap rate and a price per square foot of $123.31. The asking price is $1,113,000. This prime location in downtown Andrews enjoys high traffic volume, situated near Andrews High School and other major retailers such as Food Lion, McDonald's, Burger King, and O'Reilly's. Data from Placer.ai indicates this Dollar General ranks as the top-visited location within a 15-mile radius and in the 82nd percentile across South Carolina. The property offers a low-maintenance, hassle-free investment opportunity in a state known for its robust economic growth and favorable business climate.