1616 Jefferson Davis HwyCamden, SC 29020
- Retail properties
- 11,063 SF
Property Details for 1616 Jefferson Davis Hwy
- Lot size
- 1.31 AC
- Property size (Sq ft)
- 11,063 SF
- Zone code
- B-2
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 271-16-00-130
- APU
- 2711600130
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,268,401
- 6.5%
- $2,093,909
- 7%
- $1,944,344
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,664,914
- Geo Method
- $4,720,989
-
Alternative Use
- Use
- Valuation
- Residential
- $1,766,290
- Hospitality
- $1,617,912
- Educational
- $1,346,084
- Medical
- $1,392,378
- Retail
- $2,093,909
Location Insight
- City
- Camden
- County
- Kershaw
- State
- South Carolina
- Latitude
- 34.258
- Longitude
- -80.5731
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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