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Dollar Tree 101 William Clark Blvd 9,993 SF Retail Building Santee, SC 29142 $1,442,000 ($144.30/SF) 7.25% Cap Rate
EXECUTIVE SUMMARY
Minimal Landlord Responsibilities: This NN+ lease structure offers a highly passive investment with minimal landlord obligations
Investment Grade Tenant: The lease is guaranteed by Dollar Tree Stores, Inc., which holds an S&P investment-grade credit rating of BBB
Corporate Lease: Dollar Tree operates over 9,000 locations across 48 U.S. states and 5 Canadian provinces, with 2024 net sales exceeding $17 billion
Strong Lease Term: Approximately 6.75 years remain on the initial lease term, with an additional 20 years available through option periods, providing long-term investment security
Interstate Access: Strategically located just ±0.6 miles from I-95, the property offers excellent market exposure and convenient access
Strong Retail Corridor: Positioned adjacent to Bradford Village Shopping Center, a Food Lion anchored strip mall that serves as the primary retail hub of Santee
High Growth Market: Santee’s population is rapidly growing due to its proximity to major employers like Volvo and Boeing, with projected population growth of 200% within a 5-mile radius over the next five years
Top Recreation Destination: Home to world-class golf courses and Lake Marion, South Carolina’s premier freshwater fishing destination, Santee draws over 100,000 recreational visitors annually
Investment Grade Tenant: The lease is guaranteed by Dollar Tree Stores, Inc., which holds an S&P investment-grade credit rating of BBB
Corporate Lease: Dollar Tree operates over 9,000 locations across 48 U.S. states and 5 Canadian provinces, with 2024 net sales exceeding $17 billion
Strong Lease Term: Approximately 6.75 years remain on the initial lease term, with an additional 20 years available through option periods, providing long-term investment security
Interstate Access: Strategically located just ±0.6 miles from I-95, the property offers excellent market exposure and convenient access
Strong Retail Corridor: Positioned adjacent to Bradford Village Shopping Center, a Food Lion anchored strip mall that serves as the primary retail hub of Santee
High Growth Market: Santee’s population is rapidly growing due to its proximity to major employers like Volvo and Boeing, with projected population growth of 200% within a 5-mile radius over the next five years
Top Recreation Destination: Home to world-class golf courses and Lake Marion, South Carolina’s premier freshwater fishing destination, Santee draws over 100,000 recreational visitors annually
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,993 SF
Year Built
2022
Price
$1,442,000
Price Per SF
$144.30
Cap Rate
7.25%
NOI
$104,507
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.78 AC
Zoning
PUD (Planned Unit Dev) - PUD (Planned Unit Development), City of Santee
Parking
37 Spaces (3.7 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0278-00-02-007.000 | Improvements Assessment | $0 |
| Land Assessment | $536 | Total Assessment | $536 |
PROPERTY TAXES
Parcel Number
0278-00-02-007.000
Land Assessment
$536
Improvements Assessment
$0
Total Assessment
$536
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar Tree | 101 William Clark Blvd
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