911 Us-301 Dillon, SC 29536
- Retail properties
- 12,480 SF
- 3.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 911 Us-301
- Year built
- 2024
- Lot size
- 3.00 lot acres
- Property size
- 12,480 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General store in Dillon, South Carolina. Built in 2024, the property sits on a 3-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantor, ensuring minimal landlord responsibilities. The lease, which expires July 15, 2039, includes a substantial 5% rent increase every five years, providing consistent income growth. The current annual net operating income (NOI) is $152,154, resulting in an attractive 6.60% cap rate. The property's strategic location on US-301, just 0.63 miles from downtown Dillon, benefits from high visibility and significant daily traffic volume (9,000 vehicles per day). Surrounding retailers include popular national chains such as McDonald's, Zaxby's, and Hardee's, further enhancing the property's desirability. The tenant has five five-year renewal options, offering long-term stability and predictable cash flow. This is a turnkey investment with a strong tenant, excellent location, and built-in rent escalations, making it an ideal addition to any portfolio. The property features modern amenities including new LED lighting, both interior and exterior. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dillon
- County
- Dillon
- State
- South Carolina
- Longitude
- -79.3754
- Latitude
- 34.4082
