3216 Palmetto St Florence, SC 29506-3832
- Retail space
- 8,000 SF
- 1.40 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 3216 Palmetto St
- Year built
- 2012
- Lot size
- 1.40 lot acres
- Property size
- 8,000 SF
- Property type
- Retail space
- APN
- 90160-01-034
- APU
- 9016001034
Description
This exceptional investment opportunity presents a strong-performing Family Dollar convenience store located at 3216 E Palmetto St, Florence, SC 29506. Built in 2012, the property boasts a 7.10% cap rate and a substantial net operating income (NOI) of $106,500. The current lease, initiated on September 30, 2012, has three years remaining, followed by four five-year options, each with a 10% rent increase. The property features ample parking with 20 spaces. The tenant is responsible for all operating expenses except roof and structural maintenance. This single-tenant retail building offers a secure and profitable investment with a long-term lease and built-in rent growth. The asking price is $1,500,000. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location within Florence County, South Carolina. The property's strong tenant history and favorable lease terms make it an attractive addition to any investment portfolio. Don't miss this chance to secure a stable and appreciating asset in a growing market.
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
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.7026
- Latitude
- 34.1964
- CBSA code
- 22500
- CBSA name
- FLORENCE, SC METROPOLITAN STATISTICAL AREA
