307 Main StAndrews, SC 29510

Property Details for 307 Main St

Year built

2015

Construction

METAL FRAME

Lot size

1.90 AC

Property size (Sq ft)

9,170 SF

Property type

Commercial real estate

APN

06-0005-021-00-00

APU

600050210000

Description

This exceptional investment opportunity presents a fee-simple interest in a Dollar General convenience store and pharmacy located at 307 E Main St, Andrews, SC 29510. The 9,026 square foot building, constructed in 2015, sits on a 1.73-acre lot and boasts 34 parking spaces. Currently operating at 100% occupancy, the property benefits from a 15-year absolute NNN lease with 5.5 years remaining and five-year renewal options, each with a 10% rent increase. The tenant, Dollar General, is a credit-rated, corporate-guaranteed entity with an S&P BBB rating. The property generates a strong NOI of $83,406, resulting in a 7.50% cap rate and a price per square foot of $123.31. The asking price is $1,113,000. This prime location in downtown Andrews enjoys high traffic volume, situated near Andrews High School and other major retailers such as Food Lion, McDonald's, Burger King, and O'Reilly's. Data from Placer.ai indicates this Dollar General ranks as the top-visited location within a 15-mile radius and in the 82nd percentile across South Carolina. The property offers a low-maintenance, hassle-free investment opportunity in a state known for its robust economic growth and favorable business climate.

• Alternative Use

  Use

  Valuation

  Residential

  $2,174,942

  Hospitality

  $1,992,236

  Educational

  $1,657,517

  Medical

  $1,714,521

  Retail

  $2,578,359

Location Insight

City

Andrews

County

Georgetown

State

South Carolina

Latitude

33.4505

Longitude

-79.5549

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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