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Family Dollar & Dollar Tree 1359 Old Highway 6

9,180 SF 100% Leased Retail Building Cross, SC 29436 £1,142,165 (£124/SF) 7.05% Net Initial Yield

Investment Highlights

  • Double Net (NN) Lease with Minimal Landlord Responsibilities
  • Limited Competition | The subject property is one of only two dollar stores in the immediate area.
  • Corporate Guarantee (NASDAQ: DLTR)

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Family Dollar | Dollar Tree located at 1359 Old Highway 6, Cross, SC 29436. The site consists of roughly 9,180 rentable square feet of building space on an estimated 1.69-acre parcel of land. This Family Dollar | Dollar Tree is subject to a 10-year Double Net (NN) lease, which commenced 2/26/2019. The current annual rent is $102,200 and has scheduled increases in the option periods.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,180 SF
Building Class
C
Year Built
2020
Price
£1,142,165
Price Per SF
£124
Net Initial Yield
7.05%
NOI
£80,503
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Lot Size
1.69 AC
Zoning
GC - General Commercial
Frontage
161 ft on Old Highway 6
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1359 Old Highway 6, Cross, SC - aerial map view

PROPERTY TAXES

Parcel Number 042-00-07-058 Improvements Assessment £58,936
Land Assessment £2,387 Total Assessment £61,322

PROPERTY TAXES

Parcel Number
042-00-07-058
Land Assessment
£2,387
Improvements Assessment
£58,936
Total Assessment
£61,322
(332) 345-4222

Contacts

  • Listing ID: 34213894

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 1359 Old Highway 6, Cross, SC 29436

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1359 Old Highway 6, Cross, SC for sale Building Photo- Image 1 of 3
1359 Old Highway 6 - Cross, SC - Main
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1359 Old Highway 6 - Cross, SC - Aerial

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© 2024 CoStar Group

Family Dollar & Dollar Tree | 1359 Old Highway 6
(332) 345-4222 x

Family Dollar & Dollar Tree | 1359 Old Highway 6

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Armond Aivazyan

(332) 345-7283

(332) 345-7283

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