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Dollar General 3597 Highway 11 9,100 SF Retail Building Travelers Rest, SC 29690 $1,435,200 ($157.71/SF) 7% Cap Rate
Executive Summary
Attractive Long-Term Lease Structure: Absolute NNN lease with approximately 10 years of remaining primary term, featuring 5% rental increases every five years and five 5-year renewal options, providing investors with long-term income growth and cash flow stability.
Zero Landlord Responsibilities: Absolute NNN lease structure with zero landlord responsibilities.
Corporate Dollar General Commitment: Leased to Dollar General, one of the nation’s largest discount retailers, operating more than 20,000 stores across the U.S. and Mexico and generating approximately $40.6 billion in annual revenue, demonstrating significant scale and market presence.
Investment-Grade Credit Tenant: The lease is backed by Dollar General, which maintains an S&P BBB investment-grade credit rating, providing investors with enhanced credit quality and income security.
Limited Dollar Store Competition: The property benefits from a strong competitive position, with the nearest dollar store located approximately 5.5 miles away.
Affluent Consumer Base: A 3-mile average household income of $112,150 underscores the area’s strong purchasing power and supports long-term tenant performance.
Proximity to Large, Up-Scale Living Community: This property sits directly across the highway (US Hwy 25) from The Cliffs at Mountain Park, a premier 5,000 acre private mountain living community that boasts a golf course ranked as “#59 on Golfweek’s Best 2026 top 200 residential Golf Courses in the U.S.
Zero Landlord Responsibilities: Absolute NNN lease structure with zero landlord responsibilities.
Corporate Dollar General Commitment: Leased to Dollar General, one of the nation’s largest discount retailers, operating more than 20,000 stores across the U.S. and Mexico and generating approximately $40.6 billion in annual revenue, demonstrating significant scale and market presence.
Investment-Grade Credit Tenant: The lease is backed by Dollar General, which maintains an S&P BBB investment-grade credit rating, providing investors with enhanced credit quality and income security.
Limited Dollar Store Competition: The property benefits from a strong competitive position, with the nearest dollar store located approximately 5.5 miles away.
Affluent Consumer Base: A 3-mile average household income of $112,150 underscores the area’s strong purchasing power and supports long-term tenant performance.
Proximity to Large, Up-Scale Living Community: This property sits directly across the highway (US Hwy 25) from The Cliffs at Mountain Park, a premier 5,000 acre private mountain living community that boasts a golf course ranked as “#59 on Golfweek’s Best 2026 top 200 residential Golf Courses in the U.S.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2021
Price
$1,435,200
Price Per SF
$157.71
Cap Rate
7%
NOI
$100,464
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.20 AC
Zoning
Unzoned
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $100,770 | |
| Land Assessment | $5,220 | Total Assessment | $105,990 |
Property Taxes
Parcel Numbers
Land Assessment
$5,220
Improvements Assessment
$100,770
Total Assessment
$105,990
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar General | 3597 Highway 11
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