For Sale
$2,294,647

223 Radford BlvdDillon, SC 29536

15-Year NNN Lease, 6.8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 10,566 square foot Dollar General "Plus" store in Dillon, South Carolina. Located at 223 Radford Blvd, this single-story, Class A retail property sits on a 1.6-acre lot and boasts 35 parking spaces. The property benefits from a 15-year net lease (NNN) with a corporate guarantee from Dolgencorp, LLC, commencing January 1, 2024, and expiring December 31, 2038. The lease includes five, five-year rent bumps of 5% each, ensuring consistent income growth. The current annual net operating income (NOI) is $156,036, yielding a 6.80% cap rate. The property is 100% occupied and enjoys a high-traffic location with 13,300 vehicles per day. Its proximity to Interstate 95 and other national and regional retailers, including Food Lion, Starbucks, and Wendy's, further enhances its desirability. This is a strong investment-grade property, ideal for a 1031 exchange, offering a secure and profitable return for years to come. The property is zoned commercial and was built in 2024. The asking price is $2,294,647, translating to $217.17 per square foot. This is a rare opportunity to acquire a high-performing, credit-rated asset in a prime retail location.

Highlights

  • New Dollar General "Plus" store.
  • 15-year NNN lease with corporate guarantee from Dolgencorp, LLC.
  • Rent increases 5% every five years.
  • High-traffic location (13,300 VPD) on Radford Blvd., Dillon, SC.
  • Close proximity to Interstate 95.
  • Excellent location demonstrating Dollar General's commitment to the area.

Property Details for 223 Radford Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,566 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Dillon
County
Dillon
State
South Carolina
Latitude
34.431182155156
Longitude
-79.365538654735
223 Radford Blvd, Dillon, South Carolina

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223 Radford Blvd
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