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
| Parcel Number | 042-00-07-058 | Improvements Assessment | $74,820 |
| Land Assessment | $3,030 | Total Assessment | $77,850 |
