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Dollar General NNN Property
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5520 Hwy 187, Anderson, SC 29625

Absolute NNN structure eliminates landlord responsibilities under the existing lease.

Property SizeContact for details
Days on Market140

Property Features for 5520 Hwy 187

General Information

Standard status Active
Property subtype Retail
Listing Agency: Palomar Real Estate Group
Listed By: Brent Hadden · License #403133
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 6:18PM

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 Palomar Real Estate Group

Investment Insights

Based on property information with market context.

This NNN property is occupied by Dollar General Corporation under an absolute NNN lease, with no landlord responsibilities identified in the lease structure. The agreement includes five remaining five-year renewal options, each providing a 10% rental increase. Dollar General is described as corporately backed, with BBB/Baa2 investment-grade ratings, and the property carries an 8.00% cap rate.

Located at 5520 Hwy 187 in Anderson, South Carolina, the site offers access and visibility from Hwy 187 and is near I-85, which records more than 48,000 VPD. The property is positioned within the Lake Hartwell trade area, which includes approximately 50,000 local consumers, more than 25,000 homes within 15 miles, and 10 million annual visitors. It is also identified as the only grocery option within a 4-mile radius.

Key Highlights

  • Absolute NNN lease with zero landlord responsibilities
  • Five remaining 5‑year options with 10% rental increases each option
  • Dollar General Corporation occupancy with BBB/Baa2 investment‑grade ratings

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Hair Salon Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 95% Hotels & Casinos 5%
Marathon Shops & Services
10,597 visits/mo 0.4 miles
Dollar General Shops & Services
4,525 visits/mo 0.1 miles
Budget Inn Hotels & Casinos
764 visits/mo 0.1 miles
Interstate Batteries Shops & Services
333 visits/mo 0.2 miles
7-Eleven Shops & Services
298 visits/mo 0.1 miles

Demographics for 29625, SC

28,521
Population
13,716
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
46.9 sq mi
ZIP Area
608
Density / Sq Mi
$58,746
Median Household Income
$36,120
Median Earnings
$1,015
Median Rent
$210,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Absolute NNN structure eliminates landlord responsibilities under the existing lease.
Where is this nnn property located?
The property is located at 5520 Hwy 187 Anderson, SC.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; Five remaining 5‑year options with 10% rental increases each option; Dollar General Corporation occupancy with BBB/Baa2 investment‑grade ratings
More about this property
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