223 Radford Blvd Dillon, SC 29536
- Grocery and convenience stores
- 10,566 SF
- 1.60 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 223 Radford Blvd
- Year built
- 2024
- Lot size
- 1.60 lot acres
- Property size
- 10,566 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,566 square foot Dollar General "Plus" store in Dillon, South Carolina. Located at 223 Radford Blvd, this single-story, Class A retail property sits on a 1.6-acre lot and boasts 35 parking spaces. The property benefits from a 15-year net lease (NNN) with a corporate guarantee from Dolgencorp, LLC, commencing January 1, 2024, and expiring December 31, 2038. The lease includes five, five-year rent bumps of 5% each, ensuring consistent income growth. The current annual net operating income (NOI) is $156,036, yielding a 6.80% cap rate. The property is 100% occupied and enjoys a high-traffic location with 13,300 vehicles per day. Its proximity to Interstate 95 and other national and regional retailers, including Food Lion, Starbucks, and Wendy's, further enhances its desirability. This is a strong investment-grade property, ideal for a 1031 exchange, offering a secure and profitable return for years to come. The property is zoned commercial and was built in 2024. The asking price is $2,294,647, translating to $217.17 per square foot. This is a rare opportunity to acquire a high-performing, credit-rated asset in a prime retail location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dillon
- County
- Dillon
- State
- South Carolina
- Longitude
- -79.365538654735
- Latitude
- 34.431182155156
