Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 901 Front St
- Year built
- 2005
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 0.75-acre, net-leased convenience store in Iva, South Carolina. The property, built in 2005, is currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar store under a single, corporately guaranteed lease with an investment-grade credit tenant. The lease commenced June 1, 2006, and expires June 30, 2031, offering a remaining term of 6.7 years. The current annual Net Operating Income (NOI) is $83,308, resulting in an attractive 8.35% cap rate. The asking price is $997,702. The tenant has a proven track record, having exercised multiple lease options, demonstrating a strong long-term commitment to the location. The lease includes three, five-year options, each with a 10% rent increase. This property benefits from strong demographics, with a 5-mile population of 7,062 residents and a 10-mile population of 20,406. Its strategic location, 44 miles southwest of Greenville, SC, further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The property is located at 901 W Front St, Iva, SC 29655, in Anderson County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Iva
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6627
- Latitude
- 34.3089
