605 Church St, Swansea, SC 29160-8808
- Retail space
- 9,373 SF
- 0.85 lot acres
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 605 Church St
- Year built
- 2008
- Lot size
- 0.85 lot acres
- Property type
- Retail space
- APN
- 013021-01-004
- APU
- 1302101004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 4, 2010 | $721,951 | Fdw-sc LP | 3d Dev Group LLC | Grant Deed | — |
| Feb 27, 2008 | $80,000 | 3d Dev Group LLC | Flake,jackson L JR & Charles J | Grant Deed | — |
| Nov 5, 2007 | — | Jackson L Flake JR. | Flake,jackson L SR | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 605 N Church St, Swansea, SC 29160. The property, built in 2008 and renovated in 2008 and 2023, boasts 9,180 square feet on a 0.85-acre lot. The current lease, with a corporate guarantee from Dollar Tree (S&P BBB rating), extends until December 31, 2033, offering a remaining term of 9.1 years. The lease includes 10% rent bumps every five years, significantly increasing the property's value over time. The tenant pays a net rent of $9.75 per square foot, generating a strong net operating income (NOI) of $89,540 and a 7.25% cap rate. The property benefits from its location within the Columbia MSA, a thriving market with approximately 829,000 residents and strong population growth in the surrounding Lexington County. The property's strong demographics, including an average household income of $71,847 within a 1-mile radius projected to grow 4.4% annually through 2029, further enhance its investment appeal. The limited landlord responsibilities (roof and structure only) minimize operational burdens. This is a fee-simple ownership opportunity with significant long-term growth potential. The asking price is $1,235,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,575,000
- 6.5%
- $1,450,000
- 7%
- $1,350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,244,000
- AI Estimate
- $1,363,000
Market price range: $434k - $1.24MMarket price range: $489k - $1.36M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,255,000
- MEDICAL BUILDING
- $1,990,000
- COMMERCIAL (GENERAL)
- $1,220,000
- OFFICE BUILDING
- $1,145,000
- AUTO REPAIR, GARAGE
- $1,140,000
- NEIGHBORHOOD: SHOPPING CENTER
- $995,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Swansea
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.0984
- Latitude
- 33.7432
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
