219 Main St Wagener, SC 29164
- Retail space
- 9,464 SF
- 1.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 219 Main St
- Year built
- 2008
- Construction
- METAL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 9,464 SF
- Property type
- Retail space
- APN
- 272-20-21-004
- APU
- 2722021004
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store located at 219 Main St S, Wagener, SC 29164, within the Augusta MSA. The property, built in 2007 and renovated in 2024 for approximately $200,000 (including exterior work, paint, HVAC, and parking lot improvements), boasts 9,240 square feet on a one-acre lot. A 10-year net lease commenced October 3, 2024, and includes five (5) five-year renewal options with 10% rent bumps every five years. The current annual net operating income (NOI) is $73,440, representing a 7.00% cap rate on the $1,049,143 asking price. The tenant, Dollar General, holds an investment-grade credit rating (BBB by S&P) and is publicly traded on the NYSE (DG). The property benefits from its location in the Augusta MSA, the third-largest in Georgia, with a population exceeding 630,000. Wagener's strategic location on US 302 provides easy access to Augusta and Columbia. The area shows strong population growth, with approximately 116,500 people within a 30-minute drive and projected 6.7% growth within a 10-minute radius from 2024-2029. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment opportunity. Landlord responsibilities are limited to roof and structure
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
- Wagener
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.3633
- Latitude
- 33.6477
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
