Dollar General NNN Property For Sale — Cassatt, SC
2567 North Highway 1, Cassatt, SC 29032
This newly constructed Dollar General, built in 2018, offers an excellent opportunity for investors seeking a stable, long-term asset. The property features a 15-year triple net (NNN) lease, where the tenant is responsible for all operating expenses, including roof and structure. Located on a spacious 2.4-acre parcel, the 7,500 square foot building benefits from its position in Cassatt, South Carolina, approximately 13 miles north of Camden. The lease includes attractive 10% rental increases in each of the five 5-year option periods. Dollar General holds an investment-grade BBB credit rating from Standard & Poor's, enhancing the property's financing potential. The surrounding area boasts economic drivers such as Prestage Farms, Haier North America, Midway Elementary School, and Canal Wood…
- Address: 2567 North Highway 1, Cassatt, SC 29032
- Asking price $1.25M
- 6.65% cap rate
- NOI $83,112
- 6.7 years remaining
- NNN lease
- Year built: 2018
- Building size: 7,500 SF
- Lot size: 2.40 acres
- Lease expiration: Jun 1, 2033
- Rent increases: First 5-Year Option: $91,428; Second 5-Year Option: $100,560; Third 5-Year Option: $110,628; Fourth 5-Year Option: $121,680; …
- Guarantor: Corporate
Location
This Dollar General property is at 2567 North Highway 1 in Cassatt, South Carolina.
Asset type: Discount Retail