301 Beech Island AveBeech Island, SC 29842

Property Details for 301 Beech Island Ave

Year built

2004

Construction

METAL FRAME

Lot size

1.59 AC

Property size (Sq ft)

9,020 SF

Property type

Retail properties

Property subtype

Retail space

APN

026-20-03-005

APU

262003005

Description

This exceptional investment opportunity presents a brand-new, 9,100 square foot Dollar General store located at 301 Beech Island Ave, Beech Island, SC 29842. Built in 2024 and situated on a 1.59-acre lot, this property boasts a 7.00% cap rate and a strong NOI of $72,000. The absolute NNN lease, with a credit-rated corporate guarantor, ensures minimal landlord responsibilities. The lease commenced April 30, 2024, and has a remaining term of approximately 9.4 years, extending to April 29, 2034, with three 5-year renewal options, each including a 5% rent increase. The property's low rent of $7.91 per square foot is significantly below market value for comparable new developments. The store benefits from a proven location within the Augusta, GA MSA, serving a population exceeding 15,000 within a 5-mile radius. The asking price is $1,028,570, translating to a price per square foot of $113.03. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable market. The property's strong tenant, long lease term, and attractive cap rate make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,994,116

  6.5%

  $1,840,722

  7%

  $1,709,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,663,195

  Geo Method

  $1,871,394

• Alternative Use

  Use

  Valuation

  Residential

  $1,552,718

  Hospitality

  $1,422,281

  Educational

  $1,183,321

  Medical

  $1,224,018

  Retail

  $1,840,722

Location Insight

City

Beech Island

County

Aiken

State

South Carolina

Latitude

33.4294

Longitude

-81.8859

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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