1236 Gentry Memorial HwyEasley, SC 29640

Property Details for 1236 Gentry Memorial Hwy

Lot size

2.03 AC

Property size (Sq ft)

9,102 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

5100-18-40-7352

APU

510018407352

Description

This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 1236 Gentry Memorial Hwy, Easley, SC 29640. The property, built in 2020 and totaling 9,100 square feet on a 2.03-acre lot, is situated in Pickens County, South Carolina, approximately 15 miles west of Greenville. The single-tenant, 100% occupied building operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The current lease with Dollar General, a highly rated corporation, commenced on October 25, 2020, and has a remaining term of 10.9 years, extending to October 25, 2035. The lease includes five, 5-year renewal options, providing long-term stability and predictable income. The property benefits from its strategic location, serving as the only national essential-item retailer within a 2-mile radius and enjoying high visibility on SC-8. This presents a compelling investment opportunity with significant lease term remaining, a strong corporate guarantor, and minimal landlord responsibilities. The asking price is $1,542,439.

• CAP approach

  CAP return

  Valuation

  6%

  $3,423,026

  6.5%

  $3,159,717

  7%

  $2,934,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,888,406

  Geo Method

  $1,888,406

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,339

  Hospitality

  $2,441,436

  Educational

  $2,031,246

  Medical

  $2,101,104

  Retail

  $3,159,717

Location Insight

City

Easley

County

Pickens

State

South Carolina

Latitude

34.8465

Longitude

-82.6505

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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