Dollar General

$ 1,830,883Allendale, SC

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Property Details

224 Maude Street

Allendale, SC

PRICE$1,830,883
CAP RATE6.45%
NOI$118,092
LEASE TERM15-Years
LEASE TYPEAbsolute NNN Lease
RENTAL INCREASES10% at the start of each option
RENEWAL OPTIONS(5) 5-Year Options
BUILDING SIZE10,640 SF
YEAR BUILT2024
MUNICIPALITYAllendale County
GUARANTORCorporate
ESTIMATED STORE OPENINGJanuary 2024

Highlights:

  • Fifteen-Year initial term NNN lease
  • 5% rent increase every five (5) years
  • 10,640 SF Building
  • Conveniently located to collect traffic from the surrounding housing and commuter traffic on US Hwy 301
  • 1,700 VPD West of the site and 3,000 VPD North of the site
  • Brand New Construction
  • New LED Lighting Interior & Exterior
  • NNN – Zero Landlord Responsibilities
  • Five (5)-Year Options
  • Opening by Early January 2024