219 Main StWagener, SC 29164

Property Details for 219 Main St

Year built

2008

Construction

METAL FRAME

Lot size

1.00 AC

Property size (Sq ft)

9,464 SF

Property type

Retail properties

Property subtype

Retail space

APN

272-20-21-004

APU

2722021004

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store located at 219 Main St S, Wagener, SC 29164, within the Augusta MSA. The property, built in 2007 and renovated in 2024 for approximately $200,000 (including exterior work, paint, HVAC, and parking lot improvements), boasts 9,240 square feet on a one-acre lot. A 10-year net lease commenced October 3, 2024, and includes five (5) five-year renewal options with 10% rent bumps every five years. The current annual net operating income (NOI) is $73,440, representing a 7.00% cap rate on the $1,049,143 asking price. The tenant, Dollar General, holds an investment-grade credit rating (BBB by S&P) and is publicly traded on the NYSE (DG). The property benefits from its location in the Augusta MSA, the third-largest in Georgia, with a population exceeding 630,000. Wagener's strategic location on US 302 provides easy access to Augusta and Columbia. The area shows strong population growth, with approximately 116,500 people within a 30-minute drive and projected 6.7% growth within a 10-minute radius from 2024-2029. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment opportunity. Landlord responsibilities are limited to roof and structure

• CAP approach

  CAP return

  Valuation

  6%

  $2,092,274

  6.5%

  $1,931,330

  7%

  $1,793,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,064

  Geo Method

  $1,963,511

• Alternative Use

  Use

  Valuation

  Residential

  $1,629,149

  Hospitality

  $1,492,292

  Educational

  $1,241,569

  Medical

  $1,284,269

  Retail

  $1,931,330

Location Insight

City

Wagener

County

Aiken

State

South Carolina

Latitude

33.6477

Longitude

-81.3633

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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