Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3023 Johnson Ln Loris, SC 29569

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,219,548

    NNN leased Dollar General with corporate guaranty near North Myrtle Beach.

    Property size:
    10,452 SF
    Lot size:
    7.09 Acres

    Property Features for 3023 Johnson Ln

    General Information

    Size
    10,452 SF
    Lot size
    7.09 Acres

    Source: Cypress Commercial & Investment Real Estate Agent James C. Harrison III, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Investment Opportunity

    This property features a new Dollar General "Plus" store with a 15-year NNN lease guaranteed by Dolgencorp, LLC. The lease includes rent increases of 5% every 5 years during the primary term. Situated in Horry County, one of South Carolina’s fastest-growing counties, the property is in close proximity to North Myrtle Beach. The location benefits from a traffic count of 2,400 vehicles per day on SC Hwy 9. Dollar General operates over 20,000 stores across 48 states and has 31 distribution centers. With an S&P BBB investment-grade credit rating and $38.7 billion in sales in fiscal year 2023, this property is suitable for a 1031 exchange. Dollar General is ranked #108 on the Fortune 500 list. The property size is 10,452 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Building Supply Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Loris
    County
    Horry
    State
    South Carolina
    Longitude
    -78.7928542
    Latitude
    34.0289785

    Nearby Similar for Sale

    • $825,000
      51.33 Acres

      Loris Vineyard Paradise For Sale

      51.33 acres with muscadine grapes, metal building, ponds.
      1717 Heritage Rd, Loris, SC 29569
      View Details
    • $389,900
      2,400 SF

      Renovated Live-Work Space on Acreage

      Remodeled live-work space on 1.5 acres, suitable for various uses.
      1715 Cane Branch Rd, Loris, SC 29569
      View Details
    • $700,000
      1,318 SF

      Highway 701 Commercial Property

      High-visibility convenience store and gas station on 2.45 acres.
      1798 Highway 701 North, Loris, SC 29569
      View Details
    • $539,000
      Pending

      Loris Industrial Property with Expansion

      Industrial property in Loris, SC, featuring expansion potential.
      3537 Franklin St, Loris, SC 29569
      View Details
    • $394,000
      1,400 SF

      Highway 9 East Opportunity

      Property on Highway 9 East in Loris, South Carolina.
      1929 Highway 9 Business E, Loris, SC 29569
      View Details
    • $475,000
      5,275 SF

      Downtown Loris Office and Retail

      Office and retail space in downtown Loris, South Carolina.
      4123 Meeting St, Loris, SC 29569
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased Dollar General with corporate guaranty near North Myrtle Beach.
    Where is this grocery and convenience store located?
    The property is located at 3023 Johnson Ln Loris, SC.
    What is the asking price?
    The asking price for this property is $2,219,548.
    What are key features of this property?
    This property features: - 15 yr NNN lease with corporate guaranty by Dolgencorp, LLC; - S&P BBB investment grade credit with $38.7 billion in sales in fiscal 2023; - Rent increases 5% every 5 years in primary term
    (803) 331-8088
    Request Owner's contact information
    3023 Johnson Ln Loris, SC 29569
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3023 Johnson Ln
    Loris, SC 29569
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3023 Johnson Ln Loris, SC 29569
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.