2021 Sc-917Latta, SC 29565

Property Details for 2021 Sc-917

Year built

2024

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

Exceptional investment opportunity: a newly constructed 10,640 square foot Dollar General in Latta, South Carolina, boasting a 15-year initial lease with a 6.75% cap rate and a corporate guarantee. The property generates a substantial net operating income of $117,132, with built-in rent increases of 5% every five years. Located on a high-traffic commuter route (Hwy 38/917) with 10,400 vehicles per day, this property offers excellent visibility and strong potential for long-term growth. The lease commenced December 7, 2023, and includes five five-year renewal options, minimizing landlord responsibilities. The building was constructed in 2024 and is currently 100% occupied. This is a prime NNN retail investment, strategically positioned near Interstate 95 (1.3 miles), benefiting from the high traffic volume of over 40,000 vehicles daily. The property's location also capitalizes on commuter traffic to Myrtle Beach, SC, a rapidly growing area. The asking price is $1,735,289, representing a price per square foot of $163.09. This is a turnkey investment opportunity with significant upside potential. The lease expires December 31, 2038.

Location Insight

City

Latta

County

Dillon

State

South Carolina

Latitude

34.3361

Longitude

-79.5151

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