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Dollar General | 5.25 Yrs. | Top 11% (Placer) 2552 Main St

9,014 SF Retail Building Elgin, SC 29045 $890,667 ($99/SF) 7.50% Cap Rate

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Investment Highlights

Recent Lease Extension | 5.25 Years Remaining in Existing Term (Lease Exp: 03/31/2030)
NN Lease | Landlord Responsibilities Limited to Roof, Parking Lot, HVAC & Structure
Tenant Contributes $450 Per Month for Common Area Maintenance Expenses | Increases to $500 Per Month in Option 1 & $550 Per Month in Option 2

Long Term Operating History | Dollar General Has Been Operating at this Location 20+ Years Since 2004
Strong Placer AI Data | 189,900 Visits | Top 11% Nationwide; Top 8% Statewide
Booming Population Growth | 1-Mile: 3.77% Annually; 3-Mile: 3.07% Annually; 5-Mile: 1.78% Annually

Executive Summary

Schuchert Retail Group and Brian Brockman (Bang Realty-South Carolina Inc.) are pleased to exclusively present for sale the 9,014 SF Dollar General located at 2552 Main Street, Elgin, SC 29045.
In Conjunction With: Brian Brockman (Bang Realty-South Carolina Inc) - License #108250
SC License #108250

DG - Elgin, SC - Offering Memorandum

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,014 SF

Building Class

Year Built

2005

Price

$890,667

Price Per SF

$99

Cap Rate

7.50%

NOI

$66,800

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.14 AC

Parking

34 Spaces (3.77 Spaces per 1,000 SF Leased)

Frontage

128 FT on Main St

Amenities

Pylon Sign

MAJOR TENANTS

Retailer
-
-
Double Net
Mar 2030

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.