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Family Dollar Tree 400 E Pine Ave
10,500 SF Retail Building Mc Bee, SC 29101 $1,502,000 USD ($143 USD/SF) 7.40% Cap Rate
Executive Summary
Desirable Lease Terms: ±7.50 years remaining on a new 10-Year lease, with five, 5-year options remaining
Combo Store: Family Dollar | Dollar Tree branded stores average 20% higher sales than Family Dollar alone, according to Dollar Tree
Minimal Landlord Responsibilities: The lease structure is highly passive with minimal landlord obligations
Corporate Lease: Over 16,000 store locations in 48 states with revenues in excess of $30.6 Billion
Investment Grade Tenant: The Lease is Guaranteed by Dollar Tree, Inc., and boasts an S&P investment grade credit rating of BBB
Located on Main Commercial Highway: The site faces the main 4-lane highway in McBee, SC
High Demand Growth Market: South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life
Combo Store: Family Dollar | Dollar Tree branded stores average 20% higher sales than Family Dollar alone, according to Dollar Tree
Minimal Landlord Responsibilities: The lease structure is highly passive with minimal landlord obligations
Corporate Lease: Over 16,000 store locations in 48 states with revenues in excess of $30.6 Billion
Investment Grade Tenant: The Lease is Guaranteed by Dollar Tree, Inc., and boasts an S&P investment grade credit rating of BBB
Located on Main Commercial Highway: The site faces the main 4-lane highway in McBee, SC
High Demand Growth Market: South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$1,502,000 USD
Price Per SF
$143 USD
Cap Rate
7.40%
NOI
$111,150 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.50 AC
Zoning
C - Commercial
Parking
29 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
211 FT on E Pine Ave
Nearby Major Retailers
Contact
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Family Dollar Tree | 400 E Pine Ave
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