2530 Columbia Hwy Aiken, SC 29805
- Retail properties
- 10,500 SF
- 1.52 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2530 Columbia Hwy
- Year built
- 2024
- Lot size
- 1.52 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents the fee simple ownership of a brand-new Dollar Tree store, situated at 2530 Columbia Hwy N, Aiken, SC 29805. The 10,500 square foot building, constructed in 2024, sits on a 1.52-acre lot and is subject to a 10-year net lease commencing October 1, 2024, and expiring September 30, 2034. The lease includes five, five-year renewal options with a $0.50/SF rent increase in each option. The tenant, Dollar Tree Stores, Inc., is a credit-rated, publicly traded corporation providing a strong corporate guarantee. The property boasts a current NOI of $148,575, representing a 7.00% cap rate and a price per square foot of $202.14. The asking price for this fee-simple ownership is $2,122,500. This investment offers a passive income stream secured by a leading national discount retailer and a long-term lease with built-in rent growth. The property's prime location in Aiken County, South Carolina, further enhances its appeal. This is a rare opportunity to acquire a high-quality, newly constructed retail property with a strong tenant and significant upside potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aiken
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.674
- Latitude
- 33.6546