2090 Central Rd Lake City, SC 29560
- Retail properties
- 10,640 SF
- 1.76 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2090 Central Rd
- Year built
- 2024
- Lot size
- 1.76 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market located at 2090 Central Rd, Lake City, SC, in Florence County, zip code 29560. The property sits on a 1.76-acre lot and boasts a strong 6.60% cap rate, generating a net operating income (NOI) of $132,912. Built in 2024, this single-tenant, absolute NNN leased property features a corporate guarantee and a remaining lease term of approximately 14.7 years, expiring July 31, 2039. The lease includes five, five-year renewal options with a 5% rent increase every five years, providing consistent income growth. The property benefits from a high-traffic location at a major residential intersection, with 5,800 vehicles per day on Turbeville Highway and 1,200 vehicles per day on Central Road. Its convenient location is approximately one hour from both Myrtle Beach and Columbia, SC. The building features new LED lighting, both interior and exterior, and the NNN lease structure ensures zero landlord responsibilities. This prime retail investment offers significant long-term value and stability in a rapidly growing area. The asking price is $2,013,818, resulting in a price per square foot of $189.27. The property enjoys 100% occupancy.
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
- Lake City
- County
- Florence
- State
- South Carolina
- Longitude
- -79.912
- Latitude
- 33.8889
