301 Beech Is Ave Beech Island, SC 29842-8327
- Retail space
- 9,020 SF
- 1.59 lot acres
Jan 30, 2025
Current Use by Public Records
- Retail space
Property Details for 301 Beech Is Ave
- Year built
- 2004
- Construction
- METAL FRAME
- Lot size
- 1.59 lot acres
- Property size
- 9,020 SF
- Property type
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $855,000
- ML approach
- $780,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $883,000
- AI Estimate
- $653,000
Market price range: $589k - $1.50MMarket price range: $306k - $1.14M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $960,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Beech Island
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.8859
- Latitude
- 33.4294
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA