Dollar General - Heath Springs SC

Property Details

• Description: A 9,014 square foot build-to-suit retail store for Dollar General.

• Site: ±1.39 site with approximately 175 feet of frontage on US Highway 521 near downtown Heath Springs. This location serves a solid, but underserved market in Lancaster County.

• Lease: Ten (10) year net lease commencing November 1, 2008. Expiration October 31, 2018 at the following annual rental rates:

$68,400Years 1-10
$75,240Years 11-15 (Option 1)
$82,764Years 16-20 (Option 2)
$91,044Years 21-25 (Option 3)
$100,140Years 26-30 (Option 4)
$110,160Years 31-35 (Option 5)

Tenant responsible for taxes and insurance (full pass-throughs) and interior maintenance (to include glass). Landlord responsible for roof/structure, parking lot (unless damage caused by tenant), and for repairs to HVAC, mechanical and plumbing systems if cost is in excess of $1,000. Landlord is reimbursed $300 per month for years 1-10 for exterior maintenance. Reimbursement per month increases as follows: $350 (Option I), $400 (Option2), $450 (Option 3), $500 (Option 4) and $550 (Option5).

 

 

 

Dollar General Store
632 North Main Street (US Hwy 521)
Heath Springs, SC

• Price: $805,000

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• Build-to-suit for Dollar General in 2008. Ten (10) year net lease with five 5-year options.

• Dollar General was founded in 1939. The company currently operates over 8,300 corporate stores in 5 states, primarily in the Southern, Eastern and Midwestern United States. They have also expended into the Southwestern US. Sales for the last twelve months were in excess of $10 Billion.

On March 12, 2007 Kohlberg Kravis Roberts (KKR), a large NYC-based private-equity firm, offered to purchase Dollar General for approximately $7.3 Billion. The Dollar General board unanimously approved the deal and recommended that shareholders vote for it. shareholders approved the transaction in May and the sale closed on July 6, 2007.

• Pre-engineered metal building with decorative split-face block and glass storefront.

• Improvements measure 9,014 square feet. On-site parking for 31 automobiles.

• Excellent 1031 exchange or investment opportunity.

For more information contact:
Anne Wilkins Brooks
Southern Visions Realty, Inc.
955 Old Cherokee Road,
Lexington SC 29072
803.359.9571 Office
803.359-7025 Fax
"Serving Lexington & Lake Murray, SC"
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