605 Church StSwansea, SC 29160

Property Details for 605 Church St

Year built

2008

Lot size

0.85 AC

Property size (Sq ft)

9,373 SF

Property type

Retail space

APN

013021-01-004

APU

1302101004

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 605 N Church St, Swansea, SC 29160. The property, built in 2008 and renovated in 2008 and 2023, boasts 9,180 square feet on a 0.85-acre lot. The current lease, with a corporate guarantee from Dollar Tree (S&P BBB rating), extends until December 31, 2033, offering a remaining term of 9.1 years. The lease includes 10% rent bumps every five years, significantly increasing the property's value over time. The tenant pays a net rent of $9.75 per square foot, generating a strong net operating income (NOI) of $89,540 and a 7.25% cap rate. The property benefits from its location within the Columbia MSA, a thriving market with approximately 829,000 residents and strong population growth in the surrounding Lexington County. The property's strong demographics, including an average household income of $71,847 within a 1-mile radius projected to grow 4.4% annually through 2029, further enhance its investment appeal. The limited landlord responsibilities (roof and structure only) minimize operational burdens. This is a fee-simple ownership opportunity with significant long-term growth potential. The asking price is $1,235,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,944,454

  6.5%

  $1,794,880

  7%

  $1,666,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,344,959

  Geo Method

  $3,999,804

• Alternative Use

  Use

  Valuation

  Residential

  $1,514,049

  Hospitality

  $1,386,860

  Educational

  $1,153,852

  Medical

  $1,193,534

  Retail

  $1,794,880

Location Insight

City

Swansea

County

Lexington

State

South Carolina

Latitude

33.7432

Longitude

-81.0984

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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