Overview
- Updated On:
- June 29, 2023
Description
- Newly Refitted/Renovated in 2021 | 100% Leased to Dollar Tree | Corporate Guarantee | Formerly a Fred’s Super Dollar
- Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
- Approx. 9.75 Years of Term Remaining | Minimal Landlord Responsibilities
- Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody’s)
- Strong Average Household Income | Over $65,000 within 1-Mile Radius
- Ideally Located on Highway 81 (6,000+ VPD) | Directly Across from Iva Fire Department
- Located Less than 15 Miles of Anderson | 45 Miles of Greenville | 50 Miles of Athens, GA
- Tenant Has Right of First Refusal if Landlord Receives Bona Fide Offer to Purchase
Property Id: 20083
Price: $ 1,360,000
Cap Rate: 5.6%
Rentable Area: 16,000 SF
Lot Size: 2.82 Acres
Year Built: 2007 | 2021 Refitted
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