SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a Dollar General property located in Dillon, South Carolina.  Dollar General has been operating at this location since 2005 and recently extended the lease for an additional 7 years at a 7% rent increase through June 30, 2027.   There are two (2) – five (5) year option periods remaining with a 7.50% rent increase in Option 1 & a 10% rent increase in Option 2.  The NN lease structure has minimal landlord responsibilities that are limited to roof, structure, parking lot and HVAC.  The lease is guaranteed by Dollar General Corp (NYSE: DG) with an investment grade credit rating of BBB from Standard and Poor’s.

Offering Memorandum

Offering Memorandum (copy)

The subject property is strategically located along SC-9 in Dillon, South Carolina.  Dillon is located in Dillon County which is located in South Carolina’s Pee Dee Region on Interstate 95 near the South Carolina and North Carolina border.  Dillon is located approximately: 58 Miles SW of Fayetteville, NC; 63 Miles NW of Myrtle Beach, SC; 92 Miles NW of Wilmington, NC; 120 Miles SW of Raleigh; NC & 150 Miles NE of Charleston, SC.  The 5-mile trade area is supported by a population of 16,157 residents with an average household income of $44,146.

Dillon, SC - Dollar General

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Off Market

Dillon, SC - Dollar General

Description

Contact

Patrick Luther, CCIM