223 Radford BlvdDillon, SC 29536

Property Details for 223 Radford Blvd

Year built

2024

Lot size

1.60 AC

Property size (Sq ft)

10,566 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Dillon

County

Dillon

State

South Carolina

Latitude

34.4312

Longitude

-79.3655

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