Freestanding Retail Property For
For Sale
Contact for pricing
Pending
100 Bass Dr, Santee, SC
Freestanding retail property with investment-grade tenant Dollar Tree.
Property Size9,993 SF
Lot Size1.69 Acres
Days on Market382
Property Features for 100 Bass Dr
General Information
Standard status
Pending
Size
9,993 SF
Lot size
1.69 Acres
Property subtype
RETAIL
Listing Agency:
Furman Capital Advisors
(864) 678-5995
Listed By:
Robert Schmidt · License #81850
(864) 678-5995
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Aug 8
Last Checked: Aug 22 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Furman Capital Advisors
Investment Insights
Based on property information with market context.
This retail property features a NN+ lease structure, offering a passive investment with minimal landlord responsibilities. The lease is guaranteed by Dollar Tree Stores, Inc., which holds an S&P investment-grade credit rating of BBB. Dollar Tree operates over 9,000 locations across 48 U.S. states and 5 Canadian provinces, with 2024 net sales exceeding $17 billion. Approximately 6.75 years remain on the initial lease term, with an additional 20 years available through option periods, providing long-term investment security. The property is strategically located just approximately 0.6 miles from I-95, offering market exposure and convenient access. The property has a size of 9,993 square feet.
Key Highlights
- Investment Grade Tenant: Lease guaranteed by Dollar Tree Stores, Inc. (S&P: BBB)
- Strong Lease Term: Approximately 6.75 years remaining on initial term, with options for an additional 20 years
- Minimal Landlord Responsibilities: NN+ lease structure offers a highly passive investment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,181,900
$1.2M
Cap Rate 7%
$844,214
$844.2K
Cap Rate 9%
$656,611
$656.6K
Market Conditions
NOI Build-Up for 9,993 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.9K $9.60/SF
− Vacancy
−$11.5K −$1.15/SF
EGI
$84.4K $8.45/SF
− OpEx
−$25.3K −$2.53/SF
NOI
$59.1K $5.91/SF
Area
Orangeburg County, SC
Vacancy
12.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,181,900
Cap Rate 7%
$844,214
Cap Rate 9%
$656,611
Alternative Uses
Best Use
Retail
$844.2K
$738.7K – $984.9K
NOI $59,095 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,341 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail property with investment-grade tenant Dollar Tree.
Where is this storefront property located?
The property is located at 100 Bass Dr Santee, SC.
What is the asking price?
The asking price for this property is $1,394,000.
What are key features of this property?
This property features: Investment Grade Tenant: Lease guaranteed by Dollar Tree Stores, Inc. (S&P: BBB); Strong Lease Term: Approximately 6.75 years remaining on initial term, with options for an additional 20 years; Minimal Landlord Responsibilities: NN+ lease structure offers a highly passive investment
