Fee Simple Dollar General
For Sale
Contact for pricing
Pending
3597 Hwy 11, Travelers Rest, SC 29690
Fee simple interest is offered in a Dollar General grocery and convenience retail store.
Property Size9,100 SF
Days on Market95
Property Features for 3597 Hwy 11
General Information
Standard status
Pending
Size
9,100 SF
Class
A
Total Parking Spaces
30
Property subtype
Retail
Zoning
Unzoned, Greenville County
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
2021
Tenancy
Single
Listing Agency:
Furman Capital Advisors
Listed By:
Robert Schmidt, CCIM · License #SC 81850
(864) 678-5995
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Jul 25 at 12:46PM
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.
Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a Dollar General retail store. The property is marketed as a grocery and convenience store location under the broader retail property category.
The asset is located at 3597 Hwy 11 in Travelers Rest, South Carolina. The offering is structured as a direct fee simple purchase interest in the Dollar General.
Additional property details beyond the store type and offering structure were not provided.
The asset is located at 3597 Hwy 11 in Travelers Rest, South Carolina. The offering is structured as a direct fee simple purchase interest in the Dollar General.
Additional property details beyond the store type and offering structure were not provided.
Key Highlights
- Year built 2021
- Fee simple interest offered in a Dollar General in Travelers Rest, SC
- Dollar General grocery and convenience retail store
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
$118,427
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
8.25%
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%
$2,368,540
$2.4M
Cap Rate 7%
$1,691,814
$1.7M
Cap Rate 9%
$1,315,856
$1.3M
Market Conditions
NOI Build-Up for 9,100 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
$163.8K $18.00/SF
− Vacancy
−$5.9K −$0.65/SF
EGI
$157.9K $17.35/SF
− OpEx
−$39.5K −$4.34/SF
NOI
$118.4K $13.01/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,368,540
Cap Rate 7%
$1,691,814
Cap Rate 9%
$1,315,856
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $134,849 @ 7.0% cap · market cap 9.40%
Second Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,427 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,165 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,104 visits/mo
0.2 miles
Demographics for 29690, SC
22,912
Population
10,318
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
105.2 sq mi
ZIP Area
218
Density / Sq Mi
$66,544
Median Household Income
$37,052
Median Earnings
$964
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Fee simple interest is offered in a Dollar General grocery and convenience retail store.
Where is this grocery and convenience store located?
The property is located at 3597 Hwy 11 Travelers Rest, SC.
What is the asking price?
The asking price for this property is $1,435,200.
What are key features of this property?
This property features: Year built 2021; Fee simple interest offered in a Dollar General in Travelers Rest, SC; Dollar General grocery and convenience retail store
