400 Pine AveMcBee, SC 29101

  • Commercial real estate
  • 1.50 AC
For Sale
$1,502,000 View listing

Property Details for 400 Pine Ave

Lot size
1.50 AC
Property type
Commercial real estate
APN
121 000 000 004
APU
121000000004

Description

This exceptional investment opportunity presents a fee-simple interest in a 10,500 square foot Family Dollar Tree located at 400 E Pine Ave, McBee, SC 29101. Built in 2022, this Class A, single-story retail property sits on a 1.5-acre lot with ample parking (29 spaces) and enjoys a prime location on a main four-lane highway. The property boasts a strong 7.40% cap rate, generating a substantial net operating income (NOI) of $111,150 annually. The current lease, guaranteed by Dollar Tree, Inc. (a BBB-rated investment-grade tenant), has 7.5 years remaining with five, five-year renewal options, each including a $0.50/SF rent bump. Minimal landlord responsibilities are required under the NN+ lease structure. The property's combination Family Dollar | Dollar Tree branding offers significant sales advantages, exceeding the performance of standalone Family Dollar stores. This offering presents a compelling investment in a high-demand growth market, benefiting from South Carolina's robust economy and favorable business environment. The asking price is $1,502,000 ($143.05/sq ft), reflecting a 100% occupancy rate. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a secure, long-term lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,786,328
    Hospitality
    $17,208,174
    Educational
    $14,316,999
    Medical
    $14,809,383
    Retail
    $22,270,888

Location Insight

City
Mc Bee
County
Chesterfield
State
South Carolina
Latitude
34.4659
Longitude
-80.2492

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,555
$9,000
$45,120
$54,120
-
$150,000
$752,000
$902,000

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