For Sale
$399,900

1616 Jefferson Davis Hwy Camden, SC 29020

High-yield Camden, SC retail property.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity features a 11,063-square-foot freestanding Dollar General store located at 1616 Jefferson Davis Hwy, Camden, SC 29020. The property, built in 2004 and renovated in 2019, sits on a 1.24-acre lot and boasts 51 parking spaces. The building is situated in a high-traffic area with over 14,000 vehicles passing daily, ensuring high visibility and accessibility. The property is zoned B-2 and benefits from a strong corporate guarantee, a 100% occupancy rate, and a Net Lease (NN) structure. The current lease, with Dollar General as the tenant, commenced October 1, 2004, and expires September 30, 2027, with five (3) year lease options, each including a 10% rent bump. The asking price is $399,900, representing a price per square foot of $36.15 and an attractive 8.55% cap rate. The current Net Operating Income (NOI) is $34,200. This single-tenant, single-story building presents a compelling investment opportunity with significant remaining lease term (approximately 2.9 years). The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any portfolio.

Highlights

  • 11,063 SF free-standing building
  • 2004 construction, renovated in 2019
  • Excellent Camden location
  • High-visibility site for optimal exposure
  • B-2 zoning
  • Over 14,000 vehicles per day traffic count

Property Details for 1616 Jefferson Davis Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
11,063 SF
Year Built/Renovated
2004/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
54,014 SF
Units
1

Location Insight

City
Camden
County
Kershaw
State
South Carolina
Latitude
34.2578963
Longitude
-80.5730594

FAQs

What type of property is this?
Retail property - High-yield Camden, SC retail property.
Where is the retail property located?
The property is located at 1616 Jefferson Davis Hwy Camden, SC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 11,063 SF free-standing building; 2004 construction, renovated in 2019; Excellent Camden location
How can I contact the broker?
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1616 Jefferson Davis Hwy
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