3967 Us-378 Leesville, SC 29070
- Retail properties
- 12,480 SF
- 2.31 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3967 Us-378
- Lot size
- 2.31 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 convenience store in Leesville, South Carolina. Located at 3967 US-378, this single-tenant property sits on a 2.31-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease includes attractive 5% rent increases every five years, providing consistent growth potential. With a current NOI of $150,444 and a 6.60% cap rate, this stabilized investment offers significant returns. The property benefits from a high-traffic location, with 10,800 vehicles passing daily, serving a 5-mile population of 8,700 and an average household income of $110,666. Conveniently situated 30 minutes from Columbia, SC, and near Lake Murray, this property enjoys excellent visibility and accessibility. The building features new LED lighting, both interior and exterior, and is anticipated to open in September 2024. This is a rare chance to acquire a low-maintenance, high-return investment in a thriving South Carolina market. The property's prime location and strong tenant ensure a secure and profitable investment for years to come.
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
- Leesville
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.4703
- Latitude
- 34.0278
