Family Dollar & Dollar Tree 1359 Old Highway 6

9,180 SF Retail Building Cross, SC 29436 $1,450,000 ($158/SF) 7.05% Cap Rate

INVESTMENT HIGHLIGHTS

  • Double Net (NN) Lease with Minimal Landlord Responsibilities
  • Limited Competition | The subject property is one of only two dollar stores in the immediate area.
  • Corporate Guarantee (NASDAQ: DLTR)

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Family Dollar | Dollar Tree located at 1359 Old Highway 6, Cross, SC 29436. The site consists of roughly 9,180 rentable square feet of building space on an estimated 1.69-acre parcel of land. This Family Dollar | Dollar Tree is subject to a 10-year Double Net (NN) lease, which commenced 2/26/2019. The current annual rent is $102,200 and has scheduled increases in the option periods.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,180 SF
Building Class
C
Year Built
2020
Price
$1,450,000
Price Per SF
$158
Cap Rate
7.05%
NOI
$102,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.69 AC
Zoning
GC - General Commercial
Frontage
161 FT on Old Highway 6

PROPERTY TAXES

  • Listing ID: 34213894

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 1359 Old Highway 6, Cross, SC 29436