1209 Main St Barnwell, SC 29812
- Retail properties
- 10,640 SF
- 2.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1209 Main St
- Year built
- 2024
- Lot size
- 2.20 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General store in Barnwell, South Carolina. Located at 1209 Main St, 29812, this property boasts a 15-year absolute NNN lease with a corporate guarantee, commencing November 18, 2024. The lease includes a 5% annual rent increase, ensuring consistent income growth. The property features a 6.60% cap rate and a strong net operating income (NOI) of $129,552. Built in 2024, this single-tenant retail building sits on a 2.2-acre lot and benefits from a prime location near key amenities, including Guinyard Butler Middle School and Lennon Parks Sports Complex. The property is strategically positioned at a main intersection leading to the downtown business district and Denmark, SC, and serves a residential area. The average household income within a 5-mile radius is $66,180. The building includes 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 growth potential. The property is 100% occupied. Five 5-year renewal options are included in the lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barnwell
- County
- Barnwell
- State
- South Carolina
- Longitude
- -81.3479
- Latitude
- 33.2482
