215 W Savannah St Calhoun Falls, SC 29628

Property Details for 215 W Savannah St

Lot size

1.39 lot acres

Property type

Commercial real estate

APN

153-15-06-002

APU

1531506002

Description

This exceptional investment opportunity presents a 2022-built, 1.64-acre Family Dollar, Dollar General, and Dollar Tree combination store in Calhoun Falls, South Carolina. The property boasts a strong, credit-rated corporate guarantee from Dollar Tree, a leading discount retailer with over 16,000 locations nationwide. The current lease is a Net Lease (NN+) with a remaining term of 7.5 years, expiring April 30, 2032, and includes five, 5-year options with rent increases of $5,250 (or $0.50 per square foot). The lease commenced April 28, 2022. The property generates a substantial Net Operating Income (NOI) of $113,400, resulting in an attractive 8.35% cap rate. The asking price is $1,358,084. Strategically located at 215 W Savannah St, Calhoun Falls, SC 29628, this property benefits from its position on Highway 72, a major artery connecting Georgia and South Carolina, approximately 50 miles east of Athens, GA. The combination store format has demonstrated a 20% higher sales volume compared to single-brand stores. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease and significant upside potential.