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Dollar General 624 Pine Ridge Dr 9,100 SF Retail Building West Columbia, SC 29172 $1,575,000 ($173.08/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
Absolute NNN Lease: Investors can enjoy quality returns with zero landlord responsibilities, ensuring a hassle-free investment experience.
Corporate Guarantee by Dollar General: The lease is corporately guaranteed by Dollar General, a leading retailer with over 20,000 locations across 48 states and annual revenues exceeding $37.8 billion.
Investment Grade Credit Rating: Dollar General holds an S&P BBB credit rating, adding to the value and security of the investment.
Recent High-Quality Construction: Built in 2020, the property features upgraded brick and stucco construction with a metal roof.
Strategic Location: With over 48,000 residents within a 5-mile radius and an average household income of $78,407, this location is ideally positioned to serve a large customer base.
Corporate Guarantee by Dollar General: The lease is corporately guaranteed by Dollar General, a leading retailer with over 20,000 locations across 48 states and annual revenues exceeding $37.8 billion.
Investment Grade Credit Rating: Dollar General holds an S&P BBB credit rating, adding to the value and security of the investment.
Recent High-Quality Construction: Built in 2020, the property features upgraded brick and stucco construction with a metal roof.
Strategic Location: With over 48,000 residents within a 5-mile radius and an average household income of $78,407, this location is ideally positioned to serve a large customer base.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,575,000
Price Per SF
$173.08
Cap Rate
6.75%
NOI
$106,320
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.82 AC
Parking
38 Spaces (4.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $88,200 | |
| Land Assessment | $13,725 | Total Assessment | $101,925 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,725
Improvements Assessment
$88,200
Total Assessment
$101,925
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar General | 624 Pine Ridge Dr
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