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    Dollar General Investment Opportunity Title is generated by Realmo AI

    3023 Johnson Ln, Loris, SC

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

    Type:RETAIL
    Property size:
    10,452 SF
    Lot size:
    7.09 Acres
    Price / SF:
    $212/SF
    Added:
    May 5, 2025
    Days on Market:
    407
    Last Refresh:
    May 20 at 8:38 pm

    Property Features for 3023 Johnson Ln

    General Information

    Standard status
    Active
    Size
    10,452 SF
    Lot size
    7.09 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    James C. Harrison III, CCIM

    Listing agent James C. Harrison III, CCIM

    Listing office Cypress Commercial & Investment Real Estate

    Listing date May 5, 2025

    Source Moodyscre

    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 Cypress Commercial & Investment Real Estate

    HighLights

    • 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
    • Perfect 1031 exchange property
    • New DG “Plus” store
    • Horry County - one of South Carolina’s fastest growing counties

    Overview

    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.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $235.8k $22.56
    − Vacancy −$5.9k −$0.56
    EGI $229.9k $22.00
    − OpEx −$57.5k −$5.50
    NOI $172.4k $16.50
    10,452 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.46M
    $2.16M – $2.87M (±1% cap)
    NOI $172,427 @ 7.0% cap · market cap 7.77%
    Second Best
    Retail
    $2.18M
    $1.90M – $2.54M (±1% cap)
    NOI $152,371 @ 7.0% cap · market cap 6.86%
    Theoretical Best
    Office A
    $2.65M
    $2.32M – $3.09M (±1% cap)
    NOI $185,427 @ 7.0% cap · market cap 8.35%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -78.7929
    Latitude
    34.029

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    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James C. Harrison III, CCIM
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