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    OFF-MARKET
    Retail properties & Spaces

    3967 Us-378, Leesville, SC 29070

    12,480 SF 2.31 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 12,480 SF
    Lot 2.31 ac (100,624 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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