400 Pne Ave Mc Bee, SC 29101-8501
- Commercial real estate
- 1.50 lot acres
Current Use by Public Records
- Family Dollar / Toy Store / Dollar Store
Property Details for 400 Pne Ave
- Lot size
- 1.50 lot acres
- Property type
- Commercial real estate
- APN
- 121 000 000 004
- APU
- 121000000004
Description
This exceptional investment opportunity presents a fee-simple interest in a 10,500 square foot Family Dollar Tree located at 400 E Pine Ave, McBee, SC 29101. Built in 2022, this Class A, single-story retail property sits on a 1.5-acre lot with ample parking (29 spaces) and enjoys a prime location on a main four-lane highway. The property boasts a strong 7.40% cap rate, generating a substantial net operating income (NOI) of $111,150 annually. The current lease, guaranteed by Dollar Tree, Inc. (a BBB-rated investment-grade tenant), has 7.5 years remaining with five, five-year renewal options, each including a $0.50/SF rent bump. Minimal landlord responsibilities are required under the NN+ lease structure. The property's combination Family Dollar | Dollar Tree branding offers significant sales advantages, exceeding the performance of standalone Family Dollar stores. This offering presents a compelling investment in a high-demand growth market, benefiting from South Carolina's robust economy and favorable business environment. The asking price is $1,502,000 ($143.05/sq ft), reflecting a 100% occupancy rate. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a secure, long-term lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,730,000
- 6.5%
- $1,720,000
- 7%
- $1,645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,625,000
- Geo Method
- $1,415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,405,000
- Retail
- $1,695,000
- Mixed-Use
- $1,665,000
- Hospitality
- $1,575,000
- Educational
- $1,450,000
- Residential Income
- $1,400,000
- Energy
- $1,745,000
- Income-Based Land
- $1,905,000
- Food Service
- $1,710,000
Location Insight
- Map
- Local Demand
- City
- Mc Bee
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -80.2492
- Latitude
- 34.4659