342 East Blvd Chesterfield, SC 29709
- Retail properties
- 11,761 SF
- 3.40 lot acres
Current Use by Public Records
- DG Market / Grocery Store
Property Details for 342 East Blvd
- Year built
- 2024
- Lot size
- 3.40 lot acres
- Property size
- 11,761 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 11,761 square foot Dollar General convenience store located at 342 East Blvd, Chesterfield, SC 29709. Built in 2024, this single-tenant property sits on a 3.4-acre lot and boasts a 100% occupancy rate with a corporate guarantee. The absolute NNN lease features a 14.7-year remaining term (expiring 07/15/2039) with attractive 5% rent increases every five years, ensuring consistent income growth. The property generates a strong NOI of $141,131, resulting in a compelling 6.60% cap rate and a price per square foot of $181.82. The asking price is $2,138,348. This prime location enjoys high visibility on East Boulevard, a major thoroughfare with a daily traffic count of 9,900 vehicles. Nearby businesses include Wendy's, Pisanno's, Exxon, Subway, BP, and NAPA, further enhancing the property's appeal. The store benefits from modern amenities such as new LED lighting, both interior and exterior. The property's strategic location near the Chesterfield YMCA and residential areas ensures consistent customer traffic. This is a turnkey investment with minimal landlord responsibilities, offering a secure and profitable return.
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
- Chesterfield
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -80.0799
- Latitude
- 34.7325
