2530 Columbia HwyAiken, SC 29805

Property Details for 2530 Columbia Hwy

Year built

2024

Lot size

1.52 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents the fee simple ownership of a brand-new Dollar Tree store, situated at 2530 Columbia Hwy N, Aiken, SC 29805. The 10,500 square foot building, constructed in 2024, sits on a 1.52-acre lot and is subject to a 10-year net lease commencing October 1, 2024, and expiring September 30, 2034. The lease includes five, five-year renewal options with a $0.50/SF rent increase in each option. The tenant, Dollar Tree Stores, Inc., is a credit-rated, publicly traded corporation providing a strong corporate guarantee. The property boasts a current NOI of $148,575, representing a 7.00% cap rate and a price per square foot of $202.14. The asking price for this fee-simple ownership is $2,122,500. This investment offers a passive income stream secured by a leading national discount retailer and a long-term lease with built-in rent growth. The property's prime location in Aiken County, South Carolina, further enhances its appeal. This is a rare opportunity to acquire a high-quality, newly constructed retail property with a strong tenant and significant upside potential.

Location Insight

City

Aiken

County

Aiken

State

South Carolina

Latitude

33.6546

Longitude

-81.674

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