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Family Dollar/Dollar Tree 215 W Savannah St

10,500 SF 100% Leased Retail Building Calhoun Falls, SC 29628 $1,358,084 ($129/SF) 8.35% Cap Rate

Investment Highlights

  • 2022 Built-to-suit construction for Family Dollar Tree
  • Five, 5-Year Options with rent increases of $5,250 ($.50 PSF)
  • ±8.5-Year NN+ lease w/ limited landlord responsibilities
  • Extremely strong corporately guaranteed lease

Executive Summary

Located 50 Miles East of Athens, GA on Highway 72, a main artery from Georgia to South Carolina. Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores. Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Dollar Tree boasts an investment-grade credit rating of BBB-. Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,500 SF
Building Class
C
Year Built
2022
Price
$1,358,084
Price Per SF
$129
Cap Rate
8.35%
NOI
$113,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.10 AC
Zoning
C - Commercial
Parking
23 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
613 FT on Calhoun Shores Parkway

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
153-15-06-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,400
  • Listing ID: 32734141

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 215 W Savannah St, Calhoun Falls, SC 29628

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