Family Dollar Tree | Columbia MSA | 113 Main St S
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Family Dollar Tree | Columbia MSA 113 Main St S
10,500 SF Retail Building Bethune, SC 29009 £934,828 (£89.03/SF) 8% Net Initial Yield
EXECUTIVE SUMMARY
COLUMBIA MSA | 2ND LARGEST CITY IN SC
• This Family Dollar Tree is located 1 hour Northeast of Columbia in Bethune, SC.
• Columbia is the capital and the second largest city in South Carolina with a population of over 131,700.
• The University of South Carolina is located in Columbia and is the largest university in South Carolina with a student population of 36,273.
• Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina.
• The Columbia Metropolitan Airport supports over 1.1 million passengers per year and employs over 1,400 people.
• Columbia is the county seat of Richland County.
ADJACENT TO 575,000 SF MANUFACTURING COMPLEX (700 JOBS)
• The subject property is adjacent to a 575K SF Suominen manufacturing plant with 700 jobs.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
8.5 YEAR CORPORATE LEASE
• Family Dollar Tree renovated & backfilled an existing space and signed a new 10 year lease that commenced in June 2023.
• There are approximately 8.5 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree.
• Tenant is responsible for taxes. Insurance, HVAC, Utilities, Landscaping, and parking lot repairs under $2,000
• Landlord responsibilities include Roof, Structure, and parking lot repairs over $2,000.
• The rent increases $0.50/SF in each of the Four, 5-year option periods.
• This Family Dollar Tree is located 1 hour Northeast of Columbia in Bethune, SC.
• Columbia is the capital and the second largest city in South Carolina with a population of over 131,700.
• The University of South Carolina is located in Columbia and is the largest university in South Carolina with a student population of 36,273.
• Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina.
• The Columbia Metropolitan Airport supports over 1.1 million passengers per year and employs over 1,400 people.
• Columbia is the county seat of Richland County.
ADJACENT TO 575,000 SF MANUFACTURING COMPLEX (700 JOBS)
• The subject property is adjacent to a 575K SF Suominen manufacturing plant with 700 jobs.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
8.5 YEAR CORPORATE LEASE
• Family Dollar Tree renovated & backfilled an existing space and signed a new 10 year lease that commenced in June 2023.
• There are approximately 8.5 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree.
• Tenant is responsible for taxes. Insurance, HVAC, Utilities, Landscaping, and parking lot repairs under $2,000
• Landlord responsibilities include Roof, Structure, and parking lot repairs over $2,000.
• The rent increases $0.50/SF in each of the Four, 5-year option periods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built/Renovated
2000/2023
Price
£934,828
Price Per SF
£89.03
Net Initial Yield
8%
NOI
£74,752
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
0.99 AC
Zoning
MUNICIPAL
Parking
38 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signalised Intersection
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | B141-15-00-031 | Improvements Assessment | £854,937 |
| Land Assessment | £214,603 | Total Assessment | £1,069,540 |
PROPERTY TAXES
Parcel Number
B141-15-00-031
Land Assessment
£214,603
Improvements Assessment
£854,937
Total Assessment
£1,069,540
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Family Dollar Tree | Columbia MSA | 113 Main St S
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