Featured Property

3031 Grady Rd
3031 Grady Rd
Mullins, sc 29574
Property For: Sale
Property Type: Investment
Sale Price: $1,259,000.00
Sq. Feet: 9100

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Description

9100 +/- SF Dollar General built in 2015 with 10 years remaining on corporately guaranteed lease.  
NNN - Absolute NNN lease.  Tenant is responsible for all expenses, including roof, structure, taxes, insurance and common area.
Annual Lease Income - $91,320
Renewal - Five (5) year options to renew
Rent Increases - 10% rent increases in each option period
CAP Rate - 7.25%
Strong Credit Tenant - As of 2018, Dollar General Corporation reported net sales of $25.6 billion and a net income of $1.6 billion.

Documents

  • Flyer
    Last Modified : March 23 2020 09:47:46.

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  • Spartanburg

    Spencer/Hines Properties
    380 South Pine Street
    Spartanburg, SC 29302
    864.583.1001
    864.585.6188
  • Greenville

    Spencer/Hines Properties
    245 N. Main St., Suite 201
    Greenville, SC 29601
    864.991.8077
    864.585.6188
  • Spartanburg

    Property Management Division
    389 E. Henry St.  Suite 104
    Spartanburg, SC 29302
    864-573-7273