Listing Details
Oswald Cooke & Associates is pleased to offer an Absolute NNN leased Dollar General. The 1.196 acre site is located on Main Street in Allendale, SC. The 9,100 SF building is subject to a 15-Year absolute NNN corporate lease which expires January 2032 with (5) 5-Year renewal options. The lease is subject to 10% rental escalations at each bump. The site is across the street from University of South Carolina Salkahatchie (1,100 Students). Allendale County has a strong tradition in agriculture, producing cotton, grain, watermelon, peaches, peanuts, corn, okra and other crops. The County is proud of it’s rich culture, filled with history and Southern tradition. Beautiful historic homes, churches and cemeteries are plentiful in this side of the region.
Price: $1,161,637
CAP Rate: 6.35%
NOI: $73,764
Lease Term: 15-Years
Lease Type: Absolute NNN
Rent Commencement: February 2017
Rental Increases: 10% at Each Renewal Option
Tenant: Dollar General
Guaranty: Corporate
Renewal Options: (5) 5-Year Options
Parcel Number: R-105-06-03-020
Square Feet: 9,100 SF
Year Built: 2017
Land Area: 1.196 Acres
Property Photos
